Shell prices Philippine unit's IPO at mid-point

Royal Dutch Shell has been delaying the listing of its Philippine unit for almost two decades. But the deal has finally hit the market.

Rahul Badhwar will start as senior country officer in July in Mumbai.

Bhavin Shukla will become managing director, head of infrastructure investment banking, Japan Asia North and Australia & Asia South, at the US bank.

The acquisition is the Philippines’ largest M&A this year and looks smart given pressures on the domestic refining sector and an expected rise in imports next year.

Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.