K Bala to head Citi’s banking, capital markets and advisory unit for India & South Asia

Mumbai: K Balasubramanian has taken over as Citi’s head of banking, capital markets and advisory for India and South Asia, following the retirement of Ravi Kapoor.

“K Balasubramanian (Bala) will add the India and South Asia BCMA head responsibility to his current corporate bank head role. This move recognizes Bala’s stature, both internally and externally with the clients,” Citi said on Tuesday.

Rahul Saraf will continue to head investment banking for India, the foreign lender said via a press release.