Jeegar Shah appointed by Citi as CFO for India

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Jeegar Shah appointed by Citi as CFO for India
Jeegar Shah appointed by Citi as CFO for India

Shah will support Ashu Khullar, the Citi Country Officer for India and Head of Banking for the Indian Sub-Continent, with strategic financial management in this capacity as the single point of contact for financial concerns in India.

Jeegar Shah has been named Chief Financial Officer of Citi’s India business, starting June 1, the company announced on Tuesday.

According to a release, Shah will support Ashu Khullar, the Citi Country Officer for India and Head of Banking for the Indian Sub-Continent, with strategic financial management in this capacity as the single point of contact for financial concerns in India.

Shah will answer Citi’s Asia South Cluster CFO, Mui-Eng Teo.

Since February 2024, he has been the acting Chief Financial Officer for India.

With 19 years of experience, Shah has worked in finance positions involving audits, regulatory examinations, financial and regulatory reporting, and leading strategic finance projects for Citi’s businesses.

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

Mui-Eng Teo, CFO, Asia South Cluster, Citi, said, “I am confident that Jeegar’s expertise will be invaluable in supporting Citi’s growth ambitions in the strategic India market.”

Aditya Mittal, Chief Human Resources Officer and Head – HR, Indian Subcontinent, Citi, said, “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.”

Jeegar Shah, CFO, Citi, said, “I am honoured to take on the CFO role for Citi India. 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 graduated from the University of Mumbai with a master’s in commerce and is a chartered accountant with the Institute of Chartered Accountants of India.

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