Citi Commercial Bank has announced the appointment of Srini Kannan as the new Head of Digital and Technology in India. The appointment is set to take effect in early December.
Kannan brings to Citi a wealth of experience in various fields such as equity, debt, mergers and acquisitions (M&A), financing, risk management, and payments. He recently held the post of Head of Innovation Economy and Venture Capital Coverage in India at J.P. Morgan. He also played a key role in the development of J.P. Morgan’s mid-corporate business in South India.
Prior to these positions, Kannan began his career with Citi in 2002, as a part of the corporate banking team. He now returns to lead the charge in digital and technology.
Kannan’s addition to the team is expected to significantly boost Citi Commercial Bank’s operations in India, which is one of the bank’s largest markets globally. It is also projected that the bank will expand further in the coming years.
K Balasubramanian, the CEO of Citi India, and Banking Head of the Indian subcontinent, expressed his optimism about Kannan’s appointment. The bank currently plays a major role in supporting India’s dynamic startup scene, catering to nearly half of the country’s unicorns.
What is Srini Kannan’s new role at Citi India?
Srini Kannan has been appointed as the Head of Digital, Technology, Communication, Business & Professional Services and Industrials for Commercial Banking at Citi India.
What previous positions has Kannan held?
Kannan has held various positions at J.P. Morgan, most recently as the Head of Innovation Economy and Venture Capital Coverage in India. He began his career with Citi in 2002 as part of the corporate banking team.
What is the significance of Kannan’s appointment for Citi India?
Kannan’s appointment is expected to strengthen Citi India’s operations, which is one of the bank’s largest markets globally. His expertise and experience are seen as assets in the bank’s plans for expansion in the coming years.
