The Indian subsidiary of global investment bank Citi has made a slew of new hires to its equities sales and execution business.
“India remains a high-priority market for the Asia-Pacific region and with these new additions we are confident that Citi will be able to build further on its leading position in the Indian equities market,” said Adrian Faure, head of equities, Asia-Pacific, Citi, in a statement.
Keshav Sanghai joins as managing director and deputy head of equities at Citigroup Global Markets, India, having previously served as CEO of Reliance Equities and head of equities at Deutsche Bank. He will be responsible for developing relationships with Citi’s key clients.
Richard Macfarlane, formerly head of Asia-Pacific sales trading and head of European sales trading for UBS, joins Citi as managing director and head of execution services in India. Macfarlane will be charged with strengthening the firm’s Indian equities franchise, especially with Citi’s offshore clients, and overseeing the growth of its electronic trading platform in India.
Former Merrill Lynch director Vandana Luthra joins as managing director, India equity sales, Citi, with the aim of developing its equity sales franchises with offshore clients.
In addition, Chandra Sekaran, who has worked as a buy-side trader at Franklin Templeton, and Andrew Sutcliffe, formerly at Normura, both join the equity sales trading team, while Abhinav Khanna and Suveer Chainani, both previously at Macquarie, have joined as directors of equity sales.
Abhijit Attavar, director, India trading and Vaibhav Shintre, execution trader, have also both joined Citigroup Global Markets in India.
All of Citi’s new hires in India will report to Nikhil Nagle, managing director and head of equities for Citi in India.
“These hires have further strengthened Citi’s presence in the Indian equities market to over 25 highly talented and motivated individuals,” said Nagle, in a statement.