Citi names new APAC capital markets origination head

Longtime Citi banker Ashu Khullar is promoted as Kenneth Poon leaves the banking industry.

Citi has named Ashu Khullar as head of capital markets origination for the Asia-Pacific region, according to a spokesman. Khullar replaces Kenneth Poon, who is leaving the US bank after 13 years.

Khullar was most recently co-head of corporate banking for Europe, Middle East & Africa and held a number of senior roles in different divisions, including cash management, trade, relationship banking and capital markets originations businesses across emerging markets since joining the bank 30 years ago. He spent most of his banking career with Citi in London since 1996 after spending a few years in India.

It was not clear when Khullar would take up his new responsibilities.

Based in Hong Kong, he reports to Patrick Dewilde, head of markets for the Asia-Pacific region.

Poon told FinanceAsia he was leaving the banking industry and planned to pursue other interests after taking an MBA course. He becomes the latest high-profile banker to leave the industry.

According to Dealogic, Citi is ranked second in the Asia-Pacific ex-Japan G3 league table, raising $21 billion worth of US dollar, euro and yen bonds for regional clients.

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