- Executive Biographies
CEO, Citi India
Citi Cluster Head, South Asia
Ashu Khullar is CEO, Citi India and Citi Cluster Head for South Asia, effective April 1, 2019. Ashu is responsible for all of Citi's businesses in India and has oversight of Bangladesh and Sri Lanka.
In India, Citi employs approximately 17,100 people and serves close to 2.5 million customers ranging from top corporate houses, multinationals operating in the country, SME's, self-employed entrepreneurs, households and individuals. Citi India has leading market shares in a number of areas in India's banking industry, including foreign exchange, investment banking, cash management, credit cards, e-commerce banking and distribution of mutual funds. In addition, Citi India's network of five Citi Service Centers serves a wide spectrum of global businesses and functions in areas such as technology, analytics, risk management, operations, decision management, financial control, etc.
Ashu has worked across a number of management roles across Citi. He was last Head of Citi’s Capital Markets Origination (CMO) business for Asia Pacific, based in Hong Kong. He assumed this role in September 2017 and was responsible for origination of Citi’s Capital Markets activities across Equity, Bonds, Loans and Structured Financing.
Ashu spent the majority of his career with Citi in London. His last role in London was as Co-Head of Citi’s Corporate Banking business in Europe, Middle East and Africa (EMEA) (54 presence and ~60 non-presence countries), serving ~2,500 corporate, financial institution and public sector clients. Prior to this, he was Head of Corporate Banking for Central Eastern Europe, Middle East & Africa (CEEMEA) for two years where he managed a team of 250 bankers. Between 2010 and 2014, Ashu was Co-Head of EMEA Loans, Capital Markets Origination, with oversight of the Project and Infrastructure Finance business.
Ashu joined Citi in 1988 in India where he held the role of Senior Relationship Manager before moving to Citi London in 1996 as a Director for Emerging Markets Structuring and Syndications. Ashu graduated with a Bachelor’s Degree (Honours) in Commerce from The Shriram College of Commerce, University of Delhi and has a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad.