Citi appoints Prashant Thakker as head of Asia South Corporate Bank

Prashant currently heads capital management for Japan, Australia, New Zealand, and Asia South.

In this role, he will oversee business strategy, financial performance, talent development, and execution for the Asia South Corporate Bank across its local corporate, financial institution, public sector, and global network banking businesses.

Citi’s Asia South markets comprise India, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, and Sri Lanka.

With an 18-year career at Citi, Prashant brings a strong blend of business insight and strategic experience built across key leadership roles.

As head of capital management, he drove steady gains in return on tangible common equity and balance sheet efficiency across clusters.

Earlier in his career, he led diversified industrials coverage and corporate finance in Shanghai, where he strengthened client dialogue which helped drive sustained revenue growth for China Corporate Bank.

Prashant began his Citi journey in 2007 as a banker in India and moved to Hong Kong in 2013 to join the global capital markets team, where he managed the non-target market leveraged finance portfolio.

Prashant will relocate to Singapore in due course.

Citi was named best Asia-Pacific bond house by both IFR Asia and Finance Asia at their recent annual awards for 2024, with Citi also picking up best equity and equity-linked advisor for Asia-Pacific from the Asset.

The Asset Triple A Sustainable Finance Awards 2025 honoured Citi Vietnam in the category of local Best Commercial Bank.

Citi announced a leadership transition in Vietnam on May 15, as Ramachandran AS (RamC), Citi’s country officer and banking head for Citi Vietnam and Citibank Ho Chi Minh City’s general director, has decided to return to London to pursue other opportunities.