Citi hires Achintya Mangla to head investment banking financing

NEW YORK: Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role that will report to the head of banking Viswas Raghavan, according to a memo seen by Reuters on Tuesday.

Starting on Wednesday, Mangla will supervise global debt capital markets, equity capital markets, syndicate and private capital markets.

Mangla has worked for 22 years at JPMorgan, where his most recent role was head of global equity capital markets, the memo said.

Citigroup confirmed the memo but declined further comment.

(Reporting by Tatiana Bautzer in New York Editing by Matthew Lewis)