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.
The $1.3bn raise from the electronics giant and $1.75bn IPO from Tata Group's financial services arm attracted strong demand from institutional investors. Citi is seeing its largest Indian IPO pipeline on record.
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.
Jig Patel has previously helped build out Goldman Sachs' Asia prime business; the bank is looking to increase its prime headcount in the region by up to 10%.
Deepak Dangayach to join as regional co-head, DCM; Vikram Chavali named managing director, head of global asset managers for Japan, Asia North, and Australia, and Asia South.