Aashish Dhakad has been appointed as the head of the private credit origination division in North America by Citigroup Inc. (NYSE:C). With the bank now pursuing expansion in the evolving private credit market, Dhakad’s role will center around a segment that has gained popularity across traditional banks.

The credit business of Citigroup Inc. (NYSE:C) will now be led by Dhakad, who brings around two decades of industry experience. Having recently worked at Ares Management (NYSE:ARES) as an investment manager, he is well-positioned to execute the transition to a more contemporary business model smoothly.

In recent times, Citigroup Inc. (NYSE:C) has made notable revisions to its strategies, with one of the most significant being the strategy under Jane Fraser, which many believe is a game-changer. The emphasis on reduced capital requirements and enhanced operational flexibility allows the giant to outperform the broader market.

Citigroup Inc. (NYSE:C) is a New York-based financial service holding company that serves a diversified clientele, including consumers, corporations, governments, and institutions. Founded in 1812, the company operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth.

 

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