Citigroup Loses Top Asian Banking Head, Nikhil Eapen

Citigroup’s Asian operations has lost a key piece of the puzzle, following the abrupt departure of Nikhil Eapen, the bank’s head of technology, media and telecommunications in its investment banking division.

Mr. Eapen is parting ways with Citigroup to take up work at Singapore-based Temasek and more specifically Singapore Technologies Telemedia Pte Ltd.

The move is a surprise development that leaves Citigroup without its top investment banker in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region. Citigroup has not revealed a succession candidate as of yet.