Mumbai: Citi has announced the appointment of Raj Rathi as Head of Mergers & Acquisitions (M&A) in India, effective June 2026. Based in Mumbai, Rathi will also take on sector coverage responsibility for Digital Infrastructure, Electronic Manufacturing Services (EMS), and select B2B commerce companies.
In his new role, Rathi will lead Citi’s M&A franchise in India, advising clients on complex, high-value transactions while further strengthening relationships across priority sectors. He will work closely with teams across Investment Banking, Markets, and other product groups to deliver integrated strategic solutions to clients.
Rathi brings more than 15 years of experience spanning investment banking, mergers and acquisitions, and investment advisory. He joins Citi from Dream Sports, where he served as Head of Strategy and Corporate Development.
At Dream Sports, he led strategic partnerships and inorganic growth initiatives, deploying nearly $150 million across multiple investments. His appointment comes at a time when Citi is looking to deepen its advisory capabilities across sectors witnessing strong deal activity and structural growth.
Citi’s India investment banking business has maintained a strong position in the market, consistently ranking as the number one M&A advisor in India by deal value in 2024 and 2025.
The bank’s recent mandates include acting as exclusive financial advisor on the 100% stake sale of Royal Challengers Sports Private Limited for United Spirits Limited, as well as advising on the 49% stake sale in Haier India for Haier Group.
