Citi’s Securities Head In India Follows Suit; To Quit The Firm Soon | VCCircle


Citi had asked 37 of its top executives in India to leave.

Brian brown, the head of Citigroups securities business in India has decided to quit the firm. Brown, who heads the Citigroup Global Markets India Ltd., will leave the firm in a month. His resignation comes at a time when Sanjay Nayar, CEO for Citi's South Asian operations has also decided to leave the U.S. financial giant. While Nayar would be joining private equity firm KKR, Brown has only revealed that he would be joining an Indian company. VC Circle could not independently confirm Brown's decision to leave Citigroup.

 

Prior to the exits of Nayar and Brown respectively, Citi had asked 37 of its top executives in India to leave followed by the reports that Citi was planning to cut down its workforce in India by about 1000 people.

 

 It is also speculated that other employees from the Equity Sales Department of Citi's stock broking arm in India were also given pink slips.

via Citi’s Securities Head In India Follows Suit; To Quit The Firm Soon | VCCircle

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 26, 2008, in Bank Stocks, Financial Markets, Global, India, Investments and tagged , , , . Bookmark the permalink. Leave a comment.

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