Rishi Jalan has transferred from Citi's debt capital markets practice in India to its Asia-Pacific debt syndicate team in Hong Kong, the US bank said in an internal memo on Monday.
The move will give Jalan room to expand his DCM experience by transitioning to an execution role, Citi said, noting record DCM activity across the region.
Some 216 DCM deals with an aggregate value of $116 billion have been transacted in Asia ex Japan so far this year, according to data provider Dealogic. Broken down by sub-region, North Asia accounted for the lion’s share of paper with 65 deals worth $76 billion.
Jalan will work alongside Andy Siow and Eeswary Krishnan and report to Duncan Phillips, who heads the Citi's Asia-Pacific debt syndicate team.
Jalan joined Citi HK as a summer associate in the DCM team in 2010 and Citi India in June 2011 as a full-time employee in the capital markets origination team.
Jalan has closed several investment grade and high-yield bond transactions for domestic banks and corporates in foreign currency debt capital markets.
Jalan will be replaced in India by Amit Jain, who joined the bank’s India DCM team as an associate in 2012. Jain will report to Neville Fernandes in Mumbai.
