Citigroup Names Bhardwaj to Head Asia Consumer Investment Bank

Citigroup Inc. named Vikram Bhardwaj as Asia-Pacific head of consumer investment banking, according to a memo obtained by Bloomberg News.

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 (HSBA) and focus on consumer banking in Southeast Asia and South Korea, one person with knowledge of the matter said in July.

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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