Citi receives merchant banking licence in Bangladesh

The US bank will cater to the growth ambitions of existing companies and new foreign entrants in Bangladesh.

Citi has become the first foreign bank to get a merchant banking licence in Bangladesh, allowing it to provide advisory services and conduct local capital markets business in the country as an advisor, underwriter and issue manager.

The US bank has appointed Silmat Chisti as head of Citigroup Global Markets Bangladesh, a locally incorporated entity. Chisti previously worked with CitiÆs equity capital markets group in Hong Kong. She started his career in CitiÆs investment banking division in New York in...

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