Citi India shuffles Ranjan

US bank appoints new head of asset based financing.

Citigroup has announced that Rohit Ranjan will take on the reins as the head of its asset based financing ABF business in India with immediate effect. In his new role, Ranjan will report to Sanjay Nayar, CEO of Citigroup India.

He moves to the post from his previous position as head of national sales for the transportation segment commercial vehicle financing. He first joined Citi in 1998 in the ABF business as regional sales head for the north.

Ranjan's move coincides with the group splitting its commercial banking business into ABF and SME components, with Sandeep Ghosh heading up the latter. According to Citigroup, the decision...

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