BWI: Debashish Gupta to Lead Citi’s Investments Organisation Serving Wealth Management Clients in Asia Pacific

Press release from Business Wire India
Source: Citi
Thursday, August 27, 2009 12:37 PM IST (07:07 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst
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Debashish Gupta to Lead Citi's Investments Organisation Serving Wealth Management Clients in Asia Pacific


Mumbai, Maharashtra, India, Thursday, August 27, 2009 -- (Business Wire India) -- Debashish Duttagupta has been appointed Head of Investments for Citi Asia Pacific's Wealth Management businesses, based in Hong Kong.

He was previously Head of Capital Markets for the Wealth Management businesses.

In his new role, Mr Duttagupta will report jointly to Ms. Judy Hsu, Head of Retail Banking, Asia Pacific, Mr. Aamir Rahim, Chief Executive of Citi Private Bank Asia Pacific, and Mr. Shantanu Rastogi, Head of Investments, Citi Private Bank.

Mr Duttagupta will lead a 150-strong Investments organisation in serving Citi's private bank and consumer bank. He and his team of investment specialists will provide best-in-class investment insights and capabilities to Asia-Pacific clients across the wealth continuum, from retail consumers to mega-wealth clients.

As Head of Investments, Mr Duttagupta will oversee all investment products, including Equities, Fixed Income, Foreign Exchange, Structured Products, Investment Funds and Alternative Investments, as well as the Investment Analysis and Advice Group. He will also be responsible for the private bank's Treasury and Banking team and the Investments Advisory & Sales Unit.

Ms Hsu, Mr Rahim and Mr Rastogi said jointly: "Since his appointment last November as Head of Capital Markets, Debu has done an outstanding job in leading the team through the market turmoil. Under his leadership, the Capital Markets team has helped many clients to weather the unprecedented volatility in the financial markets. More importantly, we have been able to help our clients take advantage of the recovery in financial markets, and in doing so, strengthen Citi's status as our clients' most trusted wealth advisor."

Citi (www.citigroup.com/citi/global/asiapacific.htm) is one of the largest wealth managers in the Asia Pacific, serving more than 500,000 affluent Citigold clients and more than 6,000 private banking clients, including half of Asia's (ex-Japan) billionaires.

Citi provides wealth management services to affluent clients with a minimum of USD 100,000 in Assets under Management through its Citigold offering while Citi Private Bank provides bespoke private banking services to high net worth individuals and families with a minimum net worth of USD 10 million.

Mr Duttagupta began his career with Citi in India in 1992 and held a number of positions from 1992 to 2007 in India, Singapore and Hong Kong in Foreign Exchange, Treasury, Derivatives, Credit Trading and Fixed Income. Prior to re-joining Citi in November 2008, he was the Head of EMEA Credit Trading and Structuring for Lehman Brothers in London.

Mr Duttagupta holds a degree in Computer Science from the Indian Institute of Technology Madras, and a Masters of Business Administration from the Indian Institute of Management Calcutta.

Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.

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Debashish Duttagupta
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CONTACT DETAILS
Jack Sung, Corporate Affairs, Citi Asia-Pacific, +65 63283263, jack.sung@citi.com
Indu Aishwerya Anand, Corporate Affairs, Citi India, +91 (124) 418 6766, indu.anand@citi.com
Shreela Roy, IPAN Hill & Knowlton, +91 982014 9119, shreela.roy@ipan.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst

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