Malhotra departs Citi for Merrill

Veteran Citi banker to take senior role in Merrill Lynch's private client group in India.

Merrill Lynch has lured long-time Citigroup banker Rahul Malhotra to the firm in a newly created position. Effective 1 September, Malhorta will serve Merrill as managing director and head of global private client group GPC India.

From its Singapore offices, Malhotra will assume responsibility for GPCÆs onshore operation in India as well as its non-resident Indian NRI business. For the US bank, he will report dually to Raymundo Yu, chairman of Merrill Lynch Asia-Pacific region and head of Merrill...

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