CEO, Citi India
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 17,500 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 Khullar started his journey with Citi India in 1988 and since then, 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. Until September 2017, he was based in London. His last role in London was as Co-Head of Citi’s Corporate Banking business in Europe, Middle East and Africa (EMEA), 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) 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 was a Senior Relationship Manager in Citi Mumbai before moving to 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.