Citi appoints banking veteran as Apac investment banking co-head

Kaustubh Kulkarni is making the move after spending nearly three decades at JPMorgan

Citi has named Kaustubh Kulkarni as its new co-head of investment banking for Japan, Asia North and Australia, and Asia South.

Kulkarni will join Citi in December and will be based in Singapore, the bank said on Wednesday (Sep 3). In his new role, he will serve alongside Jan Metzger, the current investment banking head for Japan, Asia North and Australia and Asia South.

Both Kulkarni and Metzger will report to Vis Raghavan, Citi’s head of banking.

Kulkarni will join Citi from JPMorgan. He most recently served as senior country officer for India and vice-chair of Asia-Pacific (Apac).

In his 28 years at JPMorgan, Kulkarni held a range of other leadership roles. He was head of India, head of investment banking for India, and co-head for South-east Asia investment banking.

Kulkarni brings a “distinguished track record of driving revenue growth and leading award-winning teams”, said Raghavan, adding that the bank’s “strong momentum” will continue.

“His extensive experience makes him the perfect partner with Jan to drive our franchise to even greater heights. Their complementary skill sets and deep knowledge of the region will be invaluable for our clients and colleagues,” Raghavan added.

Metzger joined Citi in 2015 and became head of investment banking for Japan, Asia North and Australia and Asia South in November 2023.

He held a range of senior roles over the past decade in Apac, including leading Citi’s corporate and investment banking franchise.

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