Citi has appointed Debashish Duttagupta as head of investments for its Asia Pacific’s wealth management businesses, based in Hong Kong. Mr. Duttagupta was previously head of capital markets for the wealth management businesses.
Reportedly, in his new role, Mr. Duttagupta will report jointly to Judy Hsu, head of retail banking, Asia Pacific, Aamir Rahim, chief executive of Citi private bank Asia Pacific, and Shantanu Rastogi, head of investments, Citi Private Bank.
The bank has said that Mr. Duttagupta will lead 150 investments organization in serving Citi’s private bank and consumer bank. He and his team of investment team will provide investment insights and capabilities to Asia-Pacific clients across the wealth continuum, from retail consumers to wealthy clients.
As head of investments, Mr. Duttagupta will oversee all investment products, including equities, fixed income, foreign exchange, structured products, investment funds and alternative investments, as well as the investment analysis and advice group. He will also be responsible for the private bank’s treasury and banking team and the investments advisory & sales unit.
Ms. Hsu, Mr. Rahim and Mr. Rastogi jointly said: Since his appointment last November as head of capital markets, he has done an outstanding job in leading the team through the market turmoil. Under his leadership, the capital markets team has helped many clients to weather the unprecedented volatility in the financial markets. More importantly, we have been able to help our clients take advantage of the recovery in financial markets, and in doing so, strengthen Citi’s status as our clients’ most trusted wealth advisor.”
