Citi Appoints Lead Infrastructure Investment Banking Asia South
Citi has appointed a new Managing Director in order to strengthen its position in a rapidly expanding regional infrastructure market.
Citi has named Bhavin Shukla as Managing Director and Head of Infrastructure Investment Banking for Japan, Asia North and Australia (JANA) and Asia South, in a move aimed at strengthening its position in a rapidly expanding regional infrastructure market.
Shukla will act as the regional anchor for Citi’s infrastructure-related activities, overseeing advisory, financing, and deal origination. He will work closely with teams across multiple sectors, including financial sponsors, natural resources, and real estate, as well as global partners within the bank.
He joins Citi from J.P. Morgan, where he served as Managing Director in dual roles as Head of Asia Infrastructure Investors Coverage (excluding Australia) and Head of India Infrastructure Investment Banking. During his tenure, he built out a regional franchise covering advisory, financing, and risk management solutions for infrastructure funds, sovereign wealth funds, and corporate clients.
The appointment comes as Asia-Pacific enters what many industry observers describe as an “infrastructure supercycle,” fueled by investment in energy transition, digital infrastructure, urban development, and rising private capital flows. Citi said the creation of a dedicated senior leadership role reflects its long-term strategy to build a leading infrastructure advisory and financing franchise across the region and globally.
Citi executives said Shukla’s experience across complex infrastructure transactions and his relationships with key investors position him to play a central role in expanding the bank’s capabilities in the sector.
The hire underscores intensifying competition among global banks to capture deal flow linked to infrastructure investment, as governments and private investors ramp up spending on renewable energy, transport networks, and digital connectivity across Asia-Pacific.
