Citi has announced the appointment of Prashant Thakker as the new Head of Asia South Corporate Bank, effective immediately. Thakker will be responsible for overseeing business strategy, financial performance, talent development, and execution across Local Corporate, Financial Institution, Public Sector, and Global Network Banking businesses in nine Asian markets, including India, Indonesia, and Singapore. He will report to Jason Rekate and John Chirico, Global Co-Heads of Corporate Banking, and Amol Gupte, Head of Asia South Cluster.
Thakker, who has been with Citi for 18 years, brings a wealth of experience from various leadership roles. Previously, as head of Capital Management, he achieved significant gains in return on tangible common equity (ROTCE) and balance sheet efficiency. His earlier tenure in Shanghai saw him lead Diversified Industrials Coverage and Corporate Finance, contributing to revenue growth for the China Corporate Bank.
Having joined Citi in 2007 as a banker in India, Thakker moved to Hong Kong in 2013, where he managed the non-Target Market Leveraged Finance portfolio. He currently heads Capital Management for Japan, Asia North, and Australia, alongside Asia South, and will be relocating to Singapore for his new role.
This strategic appointment underscores Citi’s commitment to strengthening its corporate banking operations in the Asia South region. As Thakker steps into his new role, Citi anticipates continued growth and enhanced client engagement across its diverse markets.
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