Citigroup has appointed Prashant Thakker as the new Head of Corporate Bank for South and Southeast Asia, signaling its commitment to strengthening its presence in one of the world’s most dynamic economic regions.
In his new role, Thakker, who currently heads Capital Management for JANA and Asia South, is set to oversee the bank’s corporate banking operations across nine key markets: India, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, and Sri Lanka.
He will be responsible for shaping the business strategy, driving financial performance, nurturing talent, and executing Citi’s initiatives across the Asia South Corporate Bank, according to a company announcement.
His mandate spans local corporates, financial institutions, the public sector, and Citi’s global network banking businesses, reflecting the bank’s diverse client base and expanding regional ambitions.
READ: Dubai FinTech Summit 2025 kicks off with record attendance (May 12, 2025)
Thakker will report to Jason Rekate and John Chirico, Citi’s Global Co-Heads of Corporate Banking, as well as Amol Gupte, Head of the Asia South Cluster.
Thakker brings more than two decades of experience in the financial sector, much of it with Citi. He joined the bank in 2007 as a banker in India, where he established strong relationships with leading corporates and gained a reputation for balanced risk management and client engagement.
In 2013, he transitioned to Hong Kong, taking on increasingly senior roles, including Head of Capital Management for Japan, Asia North, Australia, and Asia South, where he managed global loan assets exceeding $40 billion. His leadership experience spans corporate finance, leverage finance, credit risk, and portfolio management, making him well-suited to steer Citi’s regional corporate banking strategy.
Thakker’s new base will be Singapore, a major hub for Citi’s Asia-Pacific operations, where he will lead efforts to deepen client relationships and capture growth opportunities in the fast-evolving South and Southeast Asian markets.
READ: Dubai FinTech Summit 2025 set to shape the future of finance (May 10, 2025)
With 18 years at Citi, Thakker 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 ROTCE 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 the China Corporate Bank.
Thakker began his Citi journey in 2007 as a banker in India and moved to Hong Kong in 2013 to join the GCM team, where he managed the non-Target Market Leveraged Finance portfolio.