Citi's head of M&A in India, Devinjit Singh, quits after nearly 20 years with the bank to join Carlyle's buyout practice.
May 2 - FinanceAsia.com - Citi India veteran Devinjit Singh, who currently heads the M&A business at the investment bank, is moving to the buy-side to join Carlyle's buyout practice. Singh, who has been a managing director at Citi since 2007, joins Carlyle at the same level and will report to Rajeev Gupta, who is the head of Carlyle's buyout business in India. Gupta is himself a former investment banker and joined Carlyle in 2005 from DSP Merrill Lynch where he was head of investment banking. Carlyle also has a growth capital practice in India.
Carlyle currently has two buyout funds in Asia – Carlyle Asia Partners I and II with $750 million and $1.8 billion under management respectively. The private equity firm was in the market earlier this year to raise its third fund, Carlyle Asia Partners III. Read More.
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