Citi's head honcho in India moves to KKR

Sanjay Nayar joins KKR to build an India business for the financial sponsor after 23 years with Citi. He will be succeeded by one of the bank's top names in Russia.

Citi South Asia head Sanjay Nayar will join private equity firm Kohlberg Kravis Roberts Co KKR in one of the most senior-level departures the US bank has seen in the region. Nayar is due to start at KKR in January after an agreed transition period and will continue to be based in Mumbai, where KKR will set up office and build a team.

Nayar is a Citi veteran who joined the US bank in India in 1985 after his MBA...

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