Citi names Jeegar Shah as India CFO

Citi has appointed Jeegar Shah as Chief Financial Officer (CFO) for its India franchise, effective June 1, 2024.

Jeegar will be the primary contact for financial matters in India and will provide strategic financial management support to Ashu Khullar, Citi Country Officer for India and Head of Banking for the Indian Sub-Continent.

Jeegar brings over 19 years of experience in finance, covering financial and regulatory reporting, audits, regulatory examinations, and strategic finance initiatives across Citi’s businesses. He has been serving as Interim CFO for India since February 2024.

“Jeegar’s deep knowledge of our operations in India and proven track record in financial management make him exceptionally qualified for this critical role,” said Ashu Khullar. “His appointment will provide strong financial leadership as we continue executing our strategy and delivering premium services to our clients in India.”

“I am confident that Jeegar’s expertise will be invaluable in supporting Citi’s growth ambitions in the strategic India market,” said Mui-Eng Teo, CFO for Citi’s Asia South Cluster. “His leadership will ensure a continued focus on financial discipline and control across our businesses.”

“Jeegar has held several leadership roles in finance at Citi and has the relevant experience and expertise to take on this new role. His appointment is a great example of how Citi grooms its internal talent and provides unmatched opportunities for professional growth,” said Aditya Mittal, Citi India’s Chief HR Officer and Head-HR, Indian Subcontinent.

Jeegar Shah commented, “This is an exciting opportunity to work closely with our leadership team and provide financial stewardship as we build on Citi’s longstanding commitment to the Indian market.”

Jeegar is a Chartered Accountant from the Institute of Chartered Accountants of India and holds a master’s degree in commerce from the University of Mumbai.

Before his interim CFO role, Jeegar served as the Cluster Controller for Citi’s South Asia Cluster. In his new role as India CFO, Jeegar will report to Mui-Eng Teo, CFO for Citi’s Asia South Cluster.