Citi has named Deepak Dangayach as co-head of debt capital markets (DCM) for APAC as it seeks to build out its presence in the financial sponsor and leveraged finance space.
DCM revenues at Citi were a reported US$432 million in Q2 2025, up 12% year-on-year.
Based in Hong Kong, he will join the company later this year.
He will share the role with Adrian Khoo, currently head of the Asia clusters’ bond DCM teams. The pair will report to Richard Zogheb, global head of DCM.
Dangayach has 20 years of industry experience and joins Citi from Deutsche Bank, where he has been APAC head of sponsored financing since October 2024. Prior to this, he led the APAC leveraged and DCM team at UBS.
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