Citi Expands Real Estate Banking Leadership
Citi is strengthening its corporate banking franchise with a new leader for its real estate division. The move underscores the sector’s importance to the bank’s global growth strategy and its continued focus on cross-border expertise.
The bank announced the appointment of Asghar Ali as head of corporate banking real Estate on Thursday, effective immediately.
He will be based in New York, report to senior management, and join the corporate banking executive committee. The role is designed to bolster Citi’s presence in real estate, a sector of increasing significance within corporate banking.
Global Career Rooted in Asia
Ali has spent more than two decades at Citi, with a career that bridges continents. After senior roles in New York within the global loans and leveraged finance groups, he relocated to Hong Kong in 2007.
There, he led the leveraged finance business for Asia Pacific and oversaw loan origination across ASEAN, India, and Australia. His time in Asia gave him deep exposure to some of the world’s fastest-growing real estate and financing markets.
Expertise in Landmark Transactions
Over the years, Ali has built a reputation for delivering innovative debt and corporate finance solutions tailored to complex client needs.
His portfolio includes several landmark transactions for the leveraged and acquisition financing group, as well as deals that expanded Citi’s real estate financing capabilities.
Returning to New York
After more than 15 years in Asia, Ali is returning to New York to lead Citi’s corporate banking real estate franchise.
His appointment reflects Citi’s commitment to integrating global expertise into its US business and building on long-standing relationships in the real estate sector.
