Business Daily from THE HINDU group of publications
Friday, Nov 21, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Nov 21, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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People New head for Citi S. Asia; Sanjay Nayar moves to KKR Our Bureau New Delhi, Nov. 20 Citigroup Inc has named Mr Mark T Robinson as head of its South Asia operations, replacing Mr Sanjay Nayar, who’s left to join private equity firm Kohlberg, Kravis, Roberts & Co (KKR) in India. Mr Robinson, who has been with Citi for about 24 years, has spent the majority of his career in emerging markets. He was previously President of Citibank ZAO, Citi Country officer for Russia and division head for Russia, Ukraine and Kazhakhstan. Based in Mumbai, Mr Robinson would now lead Citi’s banking franchise in India, Sri Lanka and Bangladesh and also join the Asia-Pacific Executive committee, a statement issued by Citigroup said. Mr Robinson joined Citi in 1984 and his first assignment was in Pakistan. He is a graduate of the University of Chicago where he received his Bachelor of Arts and his Masters of Business Administration. On his appointment as head of South Asia for Citigroup, Mr Robinson said that Citi had built an extensive franchise in India, Sri Lanka and Bangladesh and that he looked forward to “working with the excellent team on the ground to deliver the full power of our universal banking model to clients in the region”, Mr Robinson said. Mr Nayar, who’s a 23-year Citi veteran, has joined KKR as Chief Executive Officer and Country Head for India, the US-based private equity firm announced separately. In India, KKR made its first investment in 2006, when it bought the software unit of Flextronics International Ltd for $ 900 million. In February this year, KKR agreed to invest $ 250 million in Bharti Infratel Ltd. More Stories on : People | Foreign Banks
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