Mumbai – Citi today announced the appointment of Raj Rathi as Head of Mergers & Acquisitions (M&A) in India, effective June 2026. Based in Mumbai, Raj will also assume sector coverage responsibility for Digital Infrastructure, Electronic Manufacturing Services (EMS), and select B2B commerce companies.
In his role, Raj will be responsible for leading Citi’s M&A franchise in India, driving strategic advisory across complex, high-value transactions, and further strengthening client relationships across priority sectors. He will work closely with partners across Investment Banking, Markets, and other product groups to deliver integrated solutions to clients.
Raj brings over 15 years of experience in investment banking, M&A, and investment advisory. He joins Citi from Dream Sports, where he served as Head of Strategy and Corporate Development. In this role, he led strategic partnerships and inorganic growth initiatives, deploying approximately $150 million across multiple investments.
Raj joins Citi at a pivotal time for its India Investment Banking business. Citi continues to be consistently ranked the #1 M&A advisor in India by deal value (2024 and 2025), underscoring its strong execution capabilities and deep client relationships. Recent landmark transactions including its role as exclusive financial advisor on the 100% stake sale of Royal Challengers Sports Private Limited for United Spirits Limited and the 49% stake sale in Haier India for Haier Group highlight the strength of its advisory platform.
