Press release from Business Wire India
Wednesday, April 14, 2010 08:22 PM IST (02:52 PM GMT)
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Citi Names Ravi Kapoor new Head of Global Banking India
Mumbai, Maharashtra, India and Hong Kong S.A.R, Wednesday, April 14, 2010 -- (Business Wire India) -- Citi today announced the appointment of Ravi Kapoor as the new Head of Global Banking India. In this role, Mr Kapoor will report to Pramit Jhaveri, Citi Country Officer, India, and Farhan Faruqui, Head of Global Banking, Asia Pacific. The appointment is effective immediately.
Global Banking fully integrates Citi's leading corporate and investment bank capabilities, and in his new role, Mr Kapoor will be responsible for the coverage of the firm's largest institutional clients via a full suite of world-class corporate banking, lending, capital markets and advisory products. Mr Kapoor was previously Head of South Asia Capital Markets Origination and was responsible for taking the business to its current market-leading position.
Announcing the appointment, Pramit Jhaveri said: "With Ravi's longstanding relationships with key Indian corporates and financial institutions, and his track record of leading numerous landmark transactions, he is ideally positioned to build upon our Global Banking business in India."
Farhan Faruqui said: "Our Global Banking structure gives us a single, unified coverage force that can deliver to our clients the best ideas, innovations, products and services in the industry. Ravi brings a wealth of experience and expertise to this important leadership role."
Mr Kapoor has more than 22 years of banking and capital markets experience with a reputation for managing, growing and developing the businesses for which he has been responsible. Prior to joining Citi in 2005, he was with ICICI and DSP Merrill Lynch where he held senior positions in Investment Banking, Corporate Banking/Lending, and Equity Capital Markets.
Mr Kapoor has spearheaded some of the most prominent and innovative capital markets transactions in India. In capital markets, Citi has helped Indian clients raise close to US$20 billion from local and international markets since 2009, according to data provider Dealogic. This includes helping Tata Group companies raise close to US$2 billion from equity capital markets since 2009, and completing the first QIP and CB combo for L&T. In 2010, Citi was the only international bank to be on both the US$2.3 billion and US$1.7 billion government offerings in NMDC Limited and NTPC Limited, respectively. Citi was also the sole book runner on the US$570 million secondary placement of shares held by Petroleum Trust in Reliance Industries, as well as the US$423 million monetization of Daimler Benz's stake in Tata Motors.
In recognition of its leading position in financial services, Citi was awarded Best Foreign Investment Bank in India in 2009 by FinanceAsia magazine. It was also named Best Foreign Investment Bank in 2009 by The Asset magazine for the sixth consecutive year, and Best M&A House.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com or www.citi.com
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