Citi gets new country officer

N Rajashekaran has recently been appointed as the new country officer of Citi for Bangladesh.

Rajashekaran succeeds Rashed Maqsood who has served the bank for 22 years, the New York-based bank said in a statement yesterday.

Rajashekaran is a 32-year banking veteran and has previously worked as country business manager for Citi's global consumer banking business in China, Thailand and India and as the chief risk officer for Citibank Korea.

"I would like to thank Rashed for his contribution to building a client-centric business that is reflective of our global business strategy in Bangladesh during his over six-year tenure as the Citi country officer," said James Morrow, sub-cluster head for Bangladesh and Sri Lanka.

"N Rajashekaran brings extensive experience across our client segments to this important role, and post all regulatory approvals, look forward to partnering with him to grow our franchise in Bangladesh."

"The franchise is well-positioned to serve the needs of leading corporate and financial customers and public sector clients under his leadership," Morrow said.

Citi has established a strong presence in Bangladesh since the opening of its first branch in 1987. It now has three branches, two service outlets and more than 150 employees, providing services to institutional clients.