kaul-named-citis-new-retail-banking-head

Kaul named Citi's new retail banking head

Citigroup veteran replaces Rahul Malhotra, who departed the firm for Merrill Lynch.
Citigroup has quickly bounced back from the recent departure of Rahul Malhotra, naming veteran banker Sunil Kaul as its new head of Asia-Pacific retail banking. With immediate effect, Kaul will take over the role vacated recently by Malhotra, who left the firm for Merrill Lynch after a lengthy tenure with Citi.

From its Singapore offices, Kaul will report directly to Ashok Vaswani, CitiÆs chief executive officer of global consumer banking, Asia-Pacific. Kaul will also continue his former role as regional head of CitiBusiness, the groupÆs offering that targets small and medium-sized enterprises.

To his new role, Kaul brings over 20 years of banking experience, which spans CitiÆs corporate and investment bank and its consumer...
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