Citi hands India head wider clout

Citigroup has given its head of investment banking in India greater influence in Asia and internationally, only two weeks after appointing a chief executive for its Malaysian business.

The US bank has given Pramit Jhaveri, its head of investment banking in India, global responsibility and appointed him vice-chairman of Asia investment banking, in a move that the bank says underlines the importance of Citigroup's Indian business to the region.

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