Keshav Sanghi joined Citi as managing director and deputy head of equities, India. He will develop long-standing relationships with a majority of Citi’s key clients. He has more than 15 years of experience in Indian equity sales. Prior to joining Citi, he served as the CEO of Reliance Equities and as head of equities, at Deutsche.
Richard Macfarlane joined as the managing director and head of execution services, India, with a focus to strengthen the Indian equities franchise, especially with Citi’s offshore clients.
Mr Macfarlane has over 20 years of experience across Pan Asian and European markets and has the additional responsibility of overseeing the growth of Citi’s electronic trading platform in the Indian market. He was earlier the head of AP sales trading for UBS and then the head of European sales trading for UBS.
Vandana Luthra joined as managing director of India equity sales. She brings over 15 years of diversified equity research experience across FMCG, real estate and the metals sectors. Her earlier research assignment with Merrill Lynch across these sectors is expected to add considerable value in strengthening and developing the Citi equity sales franchise especially with leading offshore accounts where she shares long standing relationships as an analyst.
Chandra Sekaran joined as director of equity sales trading. He brings over 18 years of sales trading experience in Indian markets across various organizations like Reliance Equities, Kotak, JP Morgan and Deutsche Bank. His experience as a buy side trader with Franklin Templeton will provide additional value to Citi equity sales trading desk.
Abhijit Attavar joined as director, India trading. He was earlier the head of small-mid cap research at ABN Amro and has over 15 years of experience in research across markets in the region.
Andrew Sutcliffe, joined as director equity sales trading, has over 13 years experience in equities with the last three years being in institutional sales trading at Nomura.
Abhinav Khanna joined as director of equity sales. Joined from Macquarie, he has over eight years of experience in Indian equities, with the last three years in equity sales in Macquarie.
Suveer Chainani, director of equity sales, joined from Macquarie after four years with its Indian equities team after a stint in sales with IBM.
Vaibhav Shintre, joined as execution trader. He had interned with Citi in Hong Kong last year and will be a key driver to revamp the execution role.
All the hired executives will report to Nikhil Nagle, managing director and head of equities for Citi India.
Mr Nagle said: “We remain committed to our clients in continuing to invest in our market leading Indian equities franchise across both the primary and secondary markets. To this end, Citi has made a number of significant hires across the sales and execution platforms in recent months. These hires have further strengthened Citi’s presence in the Indian equities market to over 25 highly talented and motivated individuals.
“India is a high priority market for the Asia Pacific region and with these new appointments, Citi is confident of continuing to be among the leading equities franchise in India supporting our clients’ needs across the market.”
Adrian Faure, head of equities Asia Pacific at Citi, said: “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.”
