Pramit Jhaveri, head of global banking at Citigroup?s Indian unit and vice-chairman for Asia investment banking, is likely to succeed Mark Robinson as Citigroup Inc?s South Asia chief executive officer.
Robinson is quitting Citi?s India position after less than 18 months to take over as CEO of South and South East Asia for Australia & New Zealand Banking Group, said banking industry sources.
Robinson, will oversee operations in 10 countries including India for ANZ. Jhaveri will take the helm at Citigroup?s India unit as the US company aims to remain the top-ranked manager of share sales in the country for a second straight year.
The bank, whose US operations has been badly hit by the global financial crisis, will remain focus on its key target of consumer markets with products and services that bring value to their retail customers. However, the bank which was a big player in credit card market earlier plans to go slow on unsecure retail credit including credit cards in non-target segment. ?Despite facing crisis at home front, we don?t have capital constraints,? Robinson had told FE.
Debasis Ghosh, Citigroup?s spokesman in Mumbai, and ANZ spokesman in Sydney, Kevin Foley, declined to comment.