Citi has hired Nalin Nayyar as a Managing Director in the bank's Indian investment banking team. This senior appointment underlines the opportunities for further growth in Citi's Indian investment banking franchise. Nalin will work closely with local and regional teams to identify local and global opportunities for Citi's Indian clients. He will be based in Mumbai and will report to Pramit Jhaveri, Citi's Head of Global Banking for India.

Nalin has worked for Lehman Brothers since 2000 and was a Mumbai-based Managing Director in the bank's Indian investment banking team.

"Indian companies are increasingly pursuing growth internationally and are actively using the capital markets to support their expansion plans. The hiring of Nalin reflects the increasing opportunities we see to help our clients in India grow by giving them access to the full suite of Citi's local and global capabilities in the capital markets. Nalin has been involved on several groundbreaking and complex transactions across the region. We look forward to Nalin playing a leading role in growing and further developing our leading Indian investment banking franchise," said Pramit Jhaveri, Head of Global Banking for India.

Prior to joining Lehman Brothers, Nalin worked at Citi from 1992-2000, after graduating with a BA Economics from Middlebury College Vermont. He also holds a MBA in Finance from UCLA.

Citi has operated in India for more than 100 years. It's investment banking franchise offers local and international capital market solutions in the debt and equity markets alongside a leading M&A advisory platform. Over the past 12 months, Citi has been voted the "Best Foreign Bank" and "Best Foreign Investment Bank in India" by the Asset Magazine and Finance Asia, "Best Equity House in India" by IFR Asia and "Best for FX Services in India" in the 2007 Asiamoney client poll.

Sourced From: Indian Public Affairs Network (IPAN)