Citibank appoints Kaustubh Kulkarni as co-head of investment banking for Asia-Pacific

US based Citibank has appointed former JPMorgan India country officer Kaustubh Kulkarni as co-head of investment banking for Japan, North Asia, Australia and South Asia.

Kulkarni will join Citi in December after necessary approvals and will be based in Singapore, the bank said in a statement. Kulkarni will be co head of investment banking alongside Jan Metzger, Citigroup's head of investment banking in Asia Pacific.

Kulkarni was at JP Morgan for nearly three decades and held several leadership roles, including India head, investment banking head in India, and co-head of Southeast Asia investment banking at JP Morgan.

In August, Citi had hired Vikram Chavali as managing director, head of global asset managers (GAM) for Japan, Asia and Australia from Goldman Sachs, where he was head of Asia ex-Japan M&A. Vikram will join Citi later in the year and will be based out of Hong Kong.

Citi also has appointed Deepak Dangayach as managing director and co-head of debt capital markets for Asia and Australia.

Dangayach will join Citi later in the year and will be based out of Hong Kong.

Year to date Citi has raised close to $200 billion for Asian Pacific clients from local and global capital markets, according to Dealogic data.

In Citi’s most recent second quarter results, investment banking revenues increased 15% year on year to $981 million driven by an increase fees by 13%, reflecting growth in Advisory and Equity Capital Markets (ECM), the bank said.