Citigroup hired Raj Rathi as Head of Mergers and Acquisitions in India, continuing the bank’s expansion of its investment banking leadership team across Asia. Rathi is expected to join Citi in June and will be based in Mumbai, according to Bloomberg.
In his new role, Rathi will lead Citi’s M&A franchise in India and oversee sector coverage for digital infrastructure, electronic manufacturing services, and select business-to-business commerce companies. He is expected to work across investment banking, markets, and other product groups to support strategic advisory assignments and high-value transactions.
Rathi joins Citi from Dream Sports, the parent company of Dream11, where he served as Head of Strategy and Corporate Development. During his tenure, he led strategic partnerships and investment initiatives, deploying approximately $150 million across multiple investments and inorganic growth opportunities.
Before joining Dream Sports, Rathi worked at JPMorgan Chase in India covering technology, consumer internet, and fintech companies. He also previously held roles at Guggenheim Partners, Ernst & Young, and Sutherland, focusing on investment banking and transaction advisory work in the technology, media, and telecommunications sectors.
The appointment comes as Citi continues strengthening its investment banking business in Asia and India amid increasing deal activity across the region. Recent advisory work in India has included transactions involving Royal Challengers Sports and Haier India.
