Citi has announced the appointment of Raj Rathi as the new head of mergers & acquisitions (M&A) in India, effective June 2026. Based in Mumbai, Rathi will also take charge of sector coverage for digital infrastructure, electronic manufacturing services (EMS), and select B2B commerce companies. His role will involve leading Citi's M&A franchise in India, focusing on strategic advisory for complex, high-value transactions while strengthening client relationships across key sectors. Rathi joins Citi with over 15 years of experience in investment banking, M&A, and investment advisory, having previously served as head of strategy and corporate development at Dream Sports, where he managed $150 million in investments. His appointment comes at a crucial time for Citi’s India investment banking operations, which have recently been involved in significant transactions such as the 100% stake sale of Royal Challengers Sports and Haier Group’s 49% stake sale in its Indian subsidiary. Citi has also played a vital role in public-market listings and major transactions this year, enhancing its position in the competitive investment banking landscape in India.