Citigroup Announces New Head of India Equities (NYSE: C)

Citigroup (NYSE: C) announced on Monday that it has promoted Keshav Sanghi as its new head of India Equities. Sanghi previously served as the head of sales and deputy head of equities for Citi’s India business unit.

Sanghi was promoted just two months after taking his previous position in January of 2010. Sanghi was previously the CEO at RElaince Equities International

“Mr Keshav’s appointment will help Citi further expand and strengthen our equities sales and execution capabilities,” said Citi’s Head of Markets, South Asia, Mr V Srikanth in a statement.

Sanghi will continue to oversee sales for the business unit as well as help develop relationships with its long standing clients and have overall responsibility for the Indian equities business, according to a press release from the company.

Citigroup has a significant presence as an underwriter in the Indian equities market, having led several IPOs and other equity offerings in 2009 that helped raise $5 billion U.S. for Indian businesses.

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