Global financial services firm Citigroup India equities head, Nikhil Nagle has resigned from his post to take up personal interests in areas of wildlife and forest.
Nagle has quit the bank to pursue personal interests and will work in areas of wildlife, forest and tribal population in future, a source in the know told PTI.
“He has put in papers at Citi to pursue personal interests to increase awareness about India’s wildlife, forests and tribal population,” the source said.
The resignation came shortly after Citi Group expanded its India Equities team by hiring at least nine top executives.
These include Keshav Sanghi (MD and Deputy Head of Equities), Richard Macfarlane (MD and Head of Execution Services) and Vandana Luthra (MD of Equity Sales).
Nagle will be actively involved in development of villages and their tribal settlements, the source said.
A leading underwriter of Indian Equities, Citi has led key IPOs and other equity offerings during 2009 that helped raise over USD 5 billion for Indian issuers.