Citi has appointed former JP Morgan banker Achintya Mangala as head of financing for investment banking, according to a company announcement.
In this newly created role, Mangala is starting on September 4 and will report to Citi’s head of banking Vis Raghavan. Mangala will take on responsibility for global debt capital markets (DCM), equity capital markets (ECM), syndicate and private capital markets, to help deliver advisory and financing strategies for the bank’s public and private clients.
A Citi spokesperson told FinanceAsia that Mangala will be based in both London and New York.
The current head of global DCM Rich Zogheb and Citi’s co-heads of global ECM, Douglas Adams and James Fleming, will continue in their respective roles and report to Mangala.
Mangala will also partner closely with other parts of Citi, including markets, wealth and risk, to help drive its private credit strategy and to generate cross-asset class incremental alpha opportunities, according to the announcement.
Mangala joins Citi after more than 22 years at JP Morgan where he most recently served as head of global ECM. Throughout his two decades with JP Morgan, Mangala held a host of senior roles across Asia, EMEA and the US.
Commenting on the appointment, Raghavan, who joined Citi from JP Morgan earlier this year in February, said in a statement: “He is a proven leader with a track record of building and leading high-performing teams that deliver innovative, globally minded solutions to clients.”
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