Citi announced a leadership rejig in its investment bank in India, elevating its senior banker and Managing Director, Rahul Saraf as Head of Investment Banking in the country.
In this new role, Saraf will support the growth of the franchise’s renewed focus on the institutional business, leveraging his deep relationships with large Indian conglomerates like
, Tata Group, JSW, Aditya Birla Group, Adani among others. He will continue to report to Ravi Kapoor, Head of Banking, Capital Markets and Advisory (BCMA), Citi South Asia, the company said in an official statement on Thursday.
With 26 years of experience, 16 of which in Citi, Saraf (46) joined Citi India in June 2005 and has been involved with several headline transactions deals across M&A, Equity and Debt Capital Markets which included the $10 billion acquisition of Cairn by Vedanta, IndiGo IPO,
’s acquisition of HPCL, Saudi PIF’s investment in Jio and is also working on the Aramco Reliance 02C investment.
Saraf’s specialization cuts across a variety of sectors spanning from energy, chemicals, metals/mining, power, renewables, mobility to transportation, ports, airports and roads.
In his earlier stints, he had worked as a senior consultant at Arthur Anderson for 5 years on tax, m&a and business advisory. Thereafter, he joined JM Morgan Stanley as an associate for 5 years
Saraf, who associates say, has a weakness for cucumber sandwiches from at his favourite café and nurses a sweet tooth, is an Chartered Accountant and CFA and an alumnus of Shri Ram College of Commerce, Delhi, according to his Linkedin profile.