Citigroup's India equities Head quits
MUMBAI: Global financial services major Citigroup's India equities Head, Nikhil Nagle has resigned from his position.
Nagle has quit from the bank to pursue his personal interests and will work in areas of wildlife, forests and tribal population in future, a source in the know said here.
"He has put in papers at Citi to pursue personal interests to increase awareness about India's wildlife, forests and tribal population," the source said.
The resignation came shortly after Citi Group expanded its India Equities team by hiring atleast nine top executives.
These include Keshav Sanghi (MD and Deputy Head of Equities), Richard Macfarlane (MD and Head of Execution Services) and Vandana Luthra (MD of Equity Sales).
Nagle will be actively involved in the sustainable development of the villages and tribal settlements of these villages, the source said.
A leading underwriter of Indian equities, Citi has led key IPOs and other equity offerings during 2009 that helped raise over $5 billion for Indian issuers.
"He has put in papers at Citi to pursue personal interests to increase awareness about India's wildlife, forests and tribal population," the source said.
The resignation came shortly after Citi Group expanded its India Equities team by hiring atleast nine top executives.
These include Keshav Sanghi (MD and Deputy Head of Equities), Richard Macfarlane (MD and Head of Execution Services) and Vandana Luthra (MD of Equity Sales).
Nagle will be actively involved in the sustainable development of the villages and tribal settlements of these villages, the source said.
A leading underwriter of Indian equities, Citi has led key IPOs and other equity offerings during 2009 that helped raise over $5 billion for Indian issuers.
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