Citi has appointed Bardi Nivas as head of markets and securities services for South Asia, subject to regulatory approvals.
In his new role, Nivas will be responsible for planning and delivering the strategic priorities of Citi’s markets and securities services business in India.
He will also have oversight responsibilities on Citi’s markets businesses in Sri Lanka and Bangladesh.
Additionally, Nivas and his team will be responsible for further capturing and capitalising on opportunities across markets and securities services product lines, improving client offerings, and continuing to strengthen the business’s control and regulatory infrastructure.
Nivas will report to Citi India CEO Pramit Jhaveri and head of markets and securities services, Asia Pacific, Stuart Staley.
Currently, Nivas is head of trading and local markets treasury in India and country treasurer. Under his leadership, local markets and treasury has been amongst the most successful businesses for foreign exchange and local markets operations in the Asia Pacific region.
During Nivas’s 20-year career with Citi bank, he has moved across various businesses including consumer banking, mortgages and operations.
According to Citi, he brings with him to his new role a wealth of knowledge and insight about the India market and a deep understanding of balance sheet and capital requirements.
