The financial institution names former Dream Sports activities govt and funding banker Raj Rathi to steer M&A enterprise in India.
Citigroup Inc. has appointed veteran funding banker Raj Rathi as its new head of mergers and acquisitions in India, efficient this month. The appointment comes as Citi deepens its advisory capabilities to seize alternatives within the Asian market.
Rathi’s hiring follows a number of high-profile additions to the financial institution’s regional funding banking group. Citi lately lured Bhavin Shukla from JPMorgan Chase & Co. to serve as managing director and head of Infrastructure Funding Banking for Japan, North and South Asia, and Australia. Final 12 months, Citi employed Vikram Chavali from Goldman Sachs Group as its Asia-Pacific head of International Asset Managers.
From Fantasy to Finance
Rathi was employed from Dream Sports activities, the multibillion-dollar guardian firm of fantasy gaming large Dream11, the place he served as head of Technique and Company Improvement and oversaw the deployment of about $150 million throughout a number of strategic transactions.
Citi’s strikes underscore a pattern wherein world banks are recruiting seasoned company executives to navigate advanced digital infrastructure, the vitality transition, and cross-border capital flows. Its current high-profile transactions within the area embrace advising United Spirits Ltd. on the sale of its 100% stake within the Royal Challengers Bengaluru cricket group and steering Chinese language equipment large Haier Group via the sale of its 49% stake in Haier India to a consortium backed by Bharti Enterprises and Warburg Pincus.
Earlier than his company improvement position at Dream Sports activities, Rathi spent 5 years as an govt director at J.P. Morgan, specializing in know-how funding banking. He lined the know-how, fintech, and client web sectors, executing offers totaling about $35 billion in transaction worth.
His profession additionally included positions at Guggenheim Companions and Guggenheim Securities’ funding banking division, as effectively as at Ernst & Younger, the place he targeted on monetary due diligence and transaction advisory providers for institutional shoppers, following early company improvement expertise at Sutherland.
This text seems within the June 2026 concern of International Finance Journal.
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