Citi names Rajak Madhok as global head of Citi Commercial Bank credit risk

Madhok will relocate to New York.

Citi has appointed Rajat Madhok as global head of Citi Commercial Bank Credit Risk. 

Prior to his new role Madhok was Asia Pacific head of Citi Commercial Bank.

Madhok will relocate to New York from Hong Kong and will have risk management oversight, including wholesale credit risk, for Citi Commercial Bank. 

He first joined Citi in India in 1996, where he held a variety of roles across corporate banking and commercial banking. In 2011, he was named Citi Commercial Bank head for India and launched several new initiatives.

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In his time as APAC head of Citi Commercial Bank, Madhok led Citi’s commercial banking business across 11 markets in the region and delivered consistent growth for the firm. 

In 2021, Citi Commercial Bank in Asia Pacific contributed to 41% of the business’ US$2.7 billion in global revenues, making APAC the largest revenue contributor for the business globally.