Citigroup creates tech, media and telco role for Asean dealmaking


FILE - In this Feb. 8, 2019, file photo the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division. The New York-based bank said Tuesday, Oct. 13, 2020, that third-quarter net income fell to $3.23 billion from $4.91 billion in the year ago quarter. (AP Photo/Richard Drew, File)

CITIGROUP Inc. hired Varun Matta from CIMB as head of technology, media and telecommunications investment banking for the Asean region to lead a push in deal making.

Matta, who will join the U.S. bank in a few months in Singapore, will be a manging director and also cover some sponsor clients for the region, the bank said in an email. The area includes countries such as Indonesia, Malaysia, Vietnam, the Philippines and Singapore.

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