Citigroup Hires JPMorgan’s Shukla as Head of Asia Infrastructure

Citigroup Inc. has hired Bhavin Shukla as managing director and head of infrastructure investment banking for Japan, Asia North, Australia and South Asia as the US lender seeks to beef up its business in the region.

Shukla joins from JPMorgan Chase & Co. and will work on advisory, financing and origination of infrastructure-related transactions, according to a memo seen by Bloomberg News. A Citi spokesperson confirmed the contents of the memo, sent by Todd Guenther, global head of infrastructure investment banking.