Citi private bank announced on Friday that it has appointed Shantanu Rastogi as global head of investments and he will be based in Singapore.
Rastogi will be responsibile for managing the private bank's investment platform covering North America, Latin America, Europe, the Middle East and Africa (EMEA), and the Asia-Pacific regions.
According to a bank press release, "he will be looking into expanding capabilities, encouraging more product innovation, and creating synergies and efficiencies across the investments infrastructure of the four regions, benefiting the private bank's key investment centres in Singapore, Hong Kong, Geneva, London, New York and Mexico City".
"Having Shantanu manage Citi Private Bank's global investments business out of Singapore is not only a sign of the country's extraordinary appeal as a global hub for the wealth management business, this appointment also attests to Citi's deep and sustained commitment to Singapore, where it is the largest banking employer with over 8,000 staff across the whole franchise," said Deepak Sharma, Singapore-based chairman of Citi Private Bank, in the press release.
Rastogi was most recently head of investments for Citi global wealth management, international. A Citi employee of more than 23 years, his career has spanned various roles in the area of treasury and capital markets in India, Saudi Arabia, Singapore and Korea. He joined Citi in India as treasury marketing unit head in 1986 from the Reserve Bank of India, where he had traded foreign currency fixed-income securities.