Indonesia eyes euro, Samurai return

Rahul Badhwar will start as senior country officer in July in Mumbai.

Bhavin Shukla will become managing director, head of infrastructure investment banking, Japan Asia North and Australia & Asia South, at the US bank.

Refinancing needs, fewer defaults, falling interest rates, sustainable bonds, and support from banks, are all fueling demand.

In addition, there is growing demand for issuance in Asia's renewables market and also for private credit, according to senior managers at the bank.

Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.