Citigroup has announced the appointment of Harish Raman as the new head of its equity capital markets (ECM) execution, origination, and solutions business for the Asia North, Asia South, and Australia regions. This strategic move solidifies Citigroup’s commitment to its ECM operations across the Asia Pacific region.
Raman, a seasoned veteran in the financial industry, will be taking on expanded responsibilities while retaining his current role as head of equity capital markets syndicate for Asia. This dual role reflects Raman’s deep understanding of the market and his proven ability to lead and execute complex transactions. He replaces Udhay Furtado, who is departing Citigroup after a six-year tenure to relocate to Singapore.
Having joined Citigroup in 2011, Raman brings extensive experience to the position. Prior to his time at Citigroup, he served as the head of Asia equity-linked origination at UBS, further demonstrating his expertise in capital markets. This appointment leverages Raman’s substantial experience and proven track record in equity-linked origination and syndicate operations. His combined knowledge of these two key areas is crucial for efficiently managing the origination, execution, and solutions aspects of ECM transactions.
This leadership transition underscores Citigroup’s dedication to maintaining a strong presence in the Asia Pacific region’s dynamic capital markets. With Raman at the helm of ECM execution, the bank is well-positioned to navigate the evolving market landscape and provide comprehensive solutions to its clients. The Asia Pacific region represents a significant growth opportunity in the global ECM landscape.
Kenneth Chow will continue in his role as Citigroup’s head of Asia North, Australia, and Asia South for ECM origination and products, ensuring continuity in the bank’s overall ECM strategy. This collaborative leadership structure ensures a seamless integration of origination and execution, further strengthening Citigroup’s position in the market. The combination of Raman’s execution expertise and Chow’s strategic oversight promises a robust approach to capital markets in the region.
This strategic realignment of leadership within Citigroup’s ECM division signals a strong commitment to continued growth and innovation in the Asia Pacific region. By leveraging Raman’s extensive experience and deep understanding of the market, Citigroup is reinforcing its dedication to providing clients with exceptional service and expert guidance in navigating the complexities of the equity capital markets. The appointment of Harish Raman represents a significant step in Citigroup’s ongoing efforts to solidify its position as a leading player in the Asia Pacific ECM sector.
