NE BUSINESS BUREAU
CHENNAI, MAY 5
Citi has appointed Raj Rathi as Head of Mergers & Acquisitions (M&A) in India, effective June 2026, in a strategic move to further consolidate its leadership in the country’s deal advisory space.
- Seasoned dealmaker to helm mergers & acquisitions franchise from June 2026, based in Mumbai
- Will drive strategic advisory across high-value transactions and key sectors including digital infra, EMS, and B2B commerce
- Appointment comes as Citi укрепens top spot as India’s #1 M&A advisor by deal value for 2024 and 2025
Based in Mumbai, Raj will also take on sector coverage responsibilities spanning Digital Infrastructure, Electronic Manufacturing Services (EMS), and select B2B commerce segments, aligning with Citi’s focus on high-growth and future-facing industries.
In his new role, Raj will lead Citi’s M&A franchise in India, spearheading strategic advisory on complex, high-value transactions while deepening relationships with key clients. He will work in close coordination with teams across Investment Banking, Markets, and other product verticals to deliver integrated, end-to-end solutions.
Raj brings over 15 years of experience across investment banking, M&A, and investment advisory. He joins Citi from Dream Sports, where he served as Head of Strategy and Corporate Development, leading strategic partnerships and inorganic growth initiatives with investments of approximately $150 million.
His appointment comes at a pivotal juncture for Citi’s India Investment Banking business, which continues to dominate league tables. The bank has been consistently ranked the #1 M&A advisor in India by deal value in 2024 and 2025, reflecting its strong execution capabilities and enduring client trust.
Among its recent marquee mandates, Citi acted as exclusive financial advisor on the 100% stake sale of Royal Challengers Sports Private Limited for United Spirits Limited, and advised on the 49% stake sale in Haier India for Haier Group, underscoring the depth and scale of its advisory platform.
