Citigroup Inc. named Vikram Bhardwaj as Asia-Pacific head of consumer investment banking, according to a memo obtained by Bloomberg News.
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Bhardwaj, currently head of the bank's investment bank in Los Angeles, will be based in Hong Kong starting in September, the memo said. James Griffiths, a Hong Kong-based spokesman at Citigroup, confirmed the contents of the document.
Pradeep Rao, who previously was a director of consumer and health care investment banking in the Asia-Pacific region at Citigroup, will join HSBC Holdings Plc and focus on consumer banking in Southeast Asia and South Korea, one person with knowledge of the matter said in July.
