nayyars-back-at-citi-india

Nayyar's back at Citi India

Nalin Nayyar leaves Lehman India to become the fourth managing director in Citi's investment banking practice.
Citi India has hired Nalin Nayyar from Lehman as a managing director in investment banking.

Nayyar will be based in Mumbai and will report to Pramit Jhaveri, CitiÆs head of global banking for India. Nayyar has been with Lehman since 2000.

ôThe hiring of Nalin reflects the increasing opportunities we see to help our clients in India grow by giving them access to the full suite of CitiÆs local and global capabilities in the capital markets,ö says Jhaveri in a written statement.

The hire comes at a time when Citi is facing uncertainties in many subprime-affected markets and is expected to be downsizing staff numbers. It underscores how well the India investment banking franchise is...
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