Finance

Citigroup's Harish Raman given expanded Asian ECM role

Published by Global Banking & Finance Review

Posted on December 9, 2024

1 min read

· Last updated: January 27, 2026

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Citigroup Expands Harish Raman's Asian ECM Leadership Role

SYDNEY (Reuters) - Citigroup has appointed Harish Raman as the head of its equity capital markets (ECM) execution, origination and solutions business for Asia North, Asia South and Australia, according to a memo seen by Reuters on Monday.

Raman will also retain his current title as the head of equity capital markets syndicate for Asia, the memo said.

He replaces Udhay Furtado who is leaving Citigroup after six years with the bank in Hong Kong to relocate to Singapore with his family.

Raman has been with Citigroup since 2011, the memo said, and previously was the head of Asia equity-linked origination at UBS.

Kenneth Chow remains Citigroup's head of Asia North, Australia and Asia South for ECM origination and products.

A Citigroup spokesperson confirmed the contents of the memo.

(Reporting by Selena Li in Hong Kong and Scott Murdoch in Sydney; Editing by Savio D'Souza)

Key Takeaways

  • Harish Raman appointed head of Asian ECM at Citigroup.
  • Raman retains his role as head of ECM syndicate for Asia.
  • Udhay Furtado leaves Citigroup to relocate to Singapore.
  • Raman has been with Citigroup since 2011.
  • Kenneth Chow remains head of ECM origination and products.

Frequently Asked Questions

What is the main topic?
The article discusses Harish Raman's new role as head of Asian ECM at Citigroup.
Who is Harish Raman?
Harish Raman is the new head of Asian ECM at Citigroup, previously leading ECM syndicate for Asia.
Why is Udhay Furtado mentioned?
Udhay Furtado is leaving Citigroup, prompting Harish Raman's appointment.

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