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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.

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.

FA understands the bank is making a number of senior leadership changes and hires across ECM, investment banking and technology, in Hong Kong, Singapore, Sydney and San Francisco; including Apac Equity Syndicate leader and head of SEA ECM.

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

Hooi Wan Ng will become head of markets, Malaysia, while Anand Goyal will join the bank's regional FX team; Citi has also released its Q3 2024 results.

Hong Kong-based Yang has previous CFO experience at major Chinese e-commerce firms, and has also worked in the technology, media and telecommunications' investment banking team at Citi.

JP Morgan has appointed Kam Shing Kwang to lead Hong Kong, effective October 1, as Harshika Patel completes her term; Patel will continue as Apac CEO of JP Morgan Private Bank.

Mangla, previously at JP Morgan for over 20 years, joins as head of financing for investment banking, from September 4.

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.