Citigroup Names Prashant Thakker as Head of Corporate Banking for South and Southeast Asia

Citigroup (NYSE:C) has appointed Prashant Thakker as Head of Corporate Banking for South and Southeast Asia, effective immediately, according to an internal memo confirmed by a Citi spokesperson.

In his new role, Thakker will lead Citi’s Asia South Corporate Bank operations, which span India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, and Sri Lanka. He will be responsible for business strategy, financial performance, talent development, and execution across key sectors including local corporates, financial institutions, the public sector, and global network banking.

Thakker brings extensive experience to the role, having joined Citi in 2007 as a banker in India. He moved to Hong Kong in 2013 and currently oversees Capital Management for Japan, Asia North and Australia, and Asia South. He will now relocate to Singapore for his new position.

He will report jointly to Jason Rekate and John Chirico, Global Co-Heads of Corporate Banking, as well as Amol Gupte, Head of Asia South Cluster.

The leadership change comes as Citigroup continues to sharpen its focus on emerging markets in Asia, where regional economic growth and financial integration present new opportunities for expansion. Thakker’s appointment is expected to bolster Citi’s strategic efforts across the region, leveraging his strong track record and deep regional expertise.

This executive move underscores Citi’s commitment to strengthening its corporate banking presence across high-growth South and Southeast Asian economies. Investors and stakeholders view this leadership update as part of Citi’s broader push to enhance service delivery and capitalize on regional growth trends in the corporate and institutional banking sector.