Special Correspondent

NEW DELHI: Global financial giant Citi on Thursday announced the appointment of Mark Robinson as the Chief Executive Officer of Citi South Asia. Mr. Robinson succeeds Sanjay Nayar, who has quit the bank recently.

According to an official statement here, Mr. Robinson will operate from India’s financial hub Mumbai and will look after Citi’s banking franchise in India, Sri Lanka and Bangladesh.

Mr. Nayar is learnt to be joining Kohlberg Kravis Roberts and Co. as its CEO and Country Head in the country. “We are fortunate to have Mr. Mark Robinson joining the team in Asia-Pacific and our South Asia franchise will benefit greatly from his professionalism, leadership and acumen,” Citi’s Asia-Pacific CEO Ajay Banga said here.

“Citi has built an extensive franchise in India, Sri Lanka and Bangaldesh, 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,” Mr. Robinson said.