Washington, Dec 4: The US-India Business Council(USIBC) has announced the appointment of Mr Sanjay Nayar, Chief Executive Officer of Citi's franchise in India, in its Board of Directors.
Chairman of USIBC Charles ''Chip'' Kaye, welcomed Mr Nayar in to the USIBC Board and said ''Mr Nayar, a seasoned banker, brings a solid track record of international banking and in-depth understanding of India. With rich experience of working in India, he has been a strong advocate of US-India economic partnership at various levels and is an important addition to the USIBC Board.'' Speaking about his appointment, Mr Sanjay Nayar said, ''I look forward to actively work with my distinguished colleagues in the board to further advance Indo-US commercial ties.'' Mr Nayar joined Citibank in 1985 and has been the CEO of Citi India and the Area Head of its Corporate and Markets business in Sri Lanka, Bangladesh and Nepal since October 2002. From 1996 to 2002, he was heading Salomon Smith Barney's Emerging Markets Capital Markets businesses in New York. From 1994, he was with Citibank London as the Global Head for Emerging Markets Equities.
Between 1985 and 1994, Mr Nayar had held various positions across the Corporate bank and the Transaction bank in Citibank India, including that of Corporate Finance and Capital Market business head. He holds an MBA in Finance from the prestigious Indian Institute of Management (IIM), Ahmedabad and a bachelor in Mechanical Engineering from Delhi University.