Citi hires Kaustubh Kulkarni from JP Morgan for Asia investment banking role

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

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.

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

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.

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

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