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Rediff.com  » Business » Sanjay Nayar appointed USIBC board member

Sanjay Nayar appointed USIBC board member

Source: PTI
Last updated on: December 04, 2007 03:37 IST
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The US-India Business Council on Monday announced appointment of Sanjay Nayar, Chief Executive Officer of Citi's franchise in India, to its Board of Directors.

The USIBC, which works for strengthening US-India commercial ties, is a premier business advocacy organization representing 250 of the largest US companies investing in India joined by two dozen of India's largest global companies.

"Nayar, a seasoned banker, brings a solid track record of international banking and in-depth understanding of India. With rich experience of working in India, he has been a strong advocate of US-India economic partnership at various levels and is an important addition to the US-India Business Council Board," Charles Kaye, the chairman of USIBC, said in a statement.

Nayar said he was looking forward to actively working with the USIBC.

"It is indeed a distinct privilege to join this eminent board," he said.

Nayar joined Citibank in 1985 and has been the CEO of Citi India and the Area Head for its Corporate and Markets business in Sri Lanka, Bangladesh and Nepal since October 2002.

Between 1985 and 1994, Nayar held various positions across Corporate Bank and the Transaction bank in Citibank India, including that of Corporate Finance and Capital Market business head.

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