Mumbai /Hong Kong, Nov 20 (ANI/ Business Wire India): Mark Robinson has been appointed Chief Executive Officer of Citi South Asia. Based in Mumbai, he will lead Citi's significant banking franchise in India, Sri Lanka and Bangladesh, and also join the Asia Pacific Executive Committee. Robinson succeeds Sanjay Nayar, who is leaving the firm to pursue other opportunities.
"We are fortunate to have Mark Robinson joining the team in Asia Pacific and our South Asia franchise will benefit greatly from his professionalism, leadership and acumen. Mark brings unique emerging markets expertise and knowledge to the role, as well as broad experience gained from working across our universal banking model as a frontline relationship manager, trader and senior manager, " said Ajay Banga, Asia Pacific Chief Executive Officer.
"Sanjay has had a distinguished career at Citi as an international manager, having held senior positions in New York and London. He has made an immense contribution to establishing Citi as the leading financial services franchise in India and throughout Southeast Asia. We wish him the best in his future endeavors," he added.
Robinson is a 24-year Citi veteran who has spent the majority of his career in emerging markets. He is currently President of Citibank ZAO, Citi Country Officer for Russia and Division Head for Russia, Ukraine and Kazakhstan. Prior to this, he was Division Head for Turkey and Israel overseeing the institutional clients and consumer banking businesses.
From 1997 to 2002, he was based in Hungary where, as Country Corporate Officer, he managed the integration of two acquisitions that expanded the Bank's local consumer and SME distribution network. Robinson joined Citi in 1984 and his first assignment was Pakistan. He has also worked in the US and Hong Kong.
"Citi has built an extensive franchise in India, Sri Lanka and Bangladesh, and I look forward to working with the excellent team on the ground to continue our momentum and deliver the full power of our universal banking model to clients in the region" said Robinson.
Committed to India for more than 106 years, Citi is a premier, locally embedded financial institution backed by its global network across 100 countries. With approximately 10,000 employees and capital invested of over US$3.1 billion, Citi is the single largest foreign direct investor in the financial services industry in India.
Citi India offers a comprehensive suite of products and services to a client base of over 1,500 large corporates and multinationals, over 2,500 small- and medium-sized enterprises, over 40,000 asset-based financing clients and more than seven million retail customers.
Story first published: Thursday, November 20, 2008, 21:31 [IST]