Citi India Appoints Raj Rathi as Head of Mergers and Acquisitions

Citi Appoints Raj Rathi as Head of M&A for India

In a significant move, Citi has brought on board Raj Rathi, the former Head of Strategy and Corporate Development at Dream 11 parent Dream Sports, as the top investment bank's Head of Mergers and Acquisitions (M&A) for India. According to multiple industry sources, Rathi is expected to spearhead the M&A vertical for Citi and is set to join the firm in June.

Rathi's new role at Citi will see him overseeing select sectors, including digital infrastructure, electronic management services (EMS), and key B2B segments. He will report directly to Rahul Saraf, Head of Investment Banking (India) at Citi. Rathi's extensive experience in the industry will be a valuable asset to Citi, with his previous stints at Dream Sports, JP Morgan, Guggenheim Partners, and EY.

Rathi's LinkedIn profile reveals that he spent 4 years at Dream Sports before joining Citi. Prior to his tenure at Dream Sports, he worked as an Executive Director (Technology Investment Banking) at JP Morgan for 5 years. His experience in the Telecom, Media, and Technology verticals at Guggenheim Partners and EY in New York will also be an asset to Citi.

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Citi has recently advised on several high-profile M&As, including the sale of the IPL franchise Royal Challengers Bengaluru to a consortium of investors and the 49% stake sale in consumer appliances firm Haier India to a consortium of Warburg Pincus and Sunil Mittal.

Recent Citi M&A Deals