New additions to Citi underscore their dedication to fostering client expansion.
In a strategic move to expand its footprint in the Asia-Pacific region, global financial services giant Citi has announced several key appointments aimed at bolstering its presence in the sponsor, leveraged finance, and private credit sectors.
Deepak Dangayach, a seasoned professional with a strong background in private and structured credit, has been appointed as co-head of Debt Capital Markets for Japan, Australia, and North Asia (JANA) and Asia South. Dangayach, who previously held senior roles at Deutsche Bank and UBS, will join Citi later this year and will be based out of Hong Kong.
Vikram Chavali, another seasoned professional, has been named head of Global Asset Managers (GAM) for JANA and Asia South. Chavali, who was previously the head of Asia ex-Japan Sponsors M&A at Goldman Sachs, will be based in Hong Kong.
To support client-led growth, Citi has also announced the appointment of Vikram Chavali as head of global asset managers for Japan, Asia North and Australia, and Asia South. Chavali will join Citi later in the year.
These hires are part of Citi’s strategic 2025 Asia-Pacific expansion to capitalize on growth in leveraged finance, private credit, and prime services by aligning teams geographically and combining loans and bonds businesses. This move is positioned to support Citi's ambition for client-led growth and to outpace competitors in the evolving capital markets landscape.
Citi's Services is also enhancing client experience with its award-winning CitiService Agent Assist, a generative AI-powered solution.
In addition to these appointments, Citi Vietnam has been named the best commercial bank in the category of local Best Commercial Bank by The Asset Triple A Sustainable Finance Awards 2025. Despite US tariffs on Vietnam increasing post a recently agreed trade deal, Citi has raised its forecast for Vietnam's 2025 GDP growth.
These strategic moves by Citi demonstrate its commitment to growing further with clients in the sponsor and leverage finance space, a key global strategic priority. With these key hires, Citi is poised to make significant strides in the Asia-Pacific region.
Sources: [1] Citi Press Release, [Link] [2] Reuters, [Link] [4] The Asset, [Link] [5] Bloomberg, [Link]
- Citi's strategic 2025 Asia-Pacific expansion aims to capitalize on growth in various business sectors, including banking-and-insurance, as demonstrated by their hires in sponsor and leveraged finance.
- With key appointments in the finance industry, such as Deepak Dangayach and Vikram Chavali, Citi is positioned to strengthen its business presence in regions like Japan, Australia, and Asia South, also expanding into the private credit sector.
