Appointments
K Balasubramanian is the new head of Citibank India.


By Kajal Sharma - 08 Feb 2025 10:15 PM
Pending RBI approval, K Balasubramanian has been appointed Citibank's India Subcontinent Sub-Cluster and Banking Head, succeeding Ashu Khullar. In the midst of Citi India's rapid expansion under Khullar, he will report to Amol Gupte, signaling a significant leadership change.Important Aspects of the Change in Leadership A new appointment The position of India Subcontinent Sub-Cluster and Banking Head at Citibank will be assumed by K Balasubramanian. The RBI must approve his appointment. Reporting Structure: Amol Gupte, Head of Banking and Asia South, will receive Balasubramanian's reports.Khullar's New Position Khullar and Anthony Diamandakis will now co-head Global Asset Managers (GAM). Additionally, he will be a member of the Global Operating Committee for Investment Banking at Citibank. Tenure of Khullar (2019–2025) Citibank India rose to prominence as the leading investment bank in mergers and acquisitions and equity capital markets under his direction. During his tenure, Citi had significant business expansion.
The Official Statement of Citibank India continues to be one of its biggest international markets, Citi noted. Balasubramanian's leadership skills and expertise were commended by Amol Gupte, who also highlighted Citi's robust business momentum in India. Concerning K. Balasubramanian a seasoned banker who has worked for Citibank for more than 20 years. has experience working in India across a variety of markets, sectors, and regions. began working at Citi India in 1996 and held a number of executive positions. Educational Background: Graduate of St. Xavier's College in Kolkata with a degree in commerce. competent cost accountant (ICWA) and chartered accountant (CA).