Citi Names Jig Patel to Lead Prime Finance for JANA and Asia South

Citi has appointed Jig Patel as head of prime finance for Japan, Asia North, Australia (JANA) and Asia South. Patel will be based in Hong Kong and will play a key role in advancing the bank's prime finance strategy and capabilities across these regions.

In his new role, Patel will have broad responsibility over prime product, stock borrow and lending, synthetic prime brokerage, and funding trading. He will also oversee business risk management and the client executive function, ensuring alignment with Citi's operational and risk frameworks.

Patel will report directly to Robert Stewart, head of equity trading for JANA and Asia South, and will also work closely with Citi's global heads of Prime Services, Sebastien Mailleux and Tim Tomalin-Reeves. This reporting structure reflects the firm's integrated approach to prime finance leadership and oversight.

With nearly three decades of experience at Goldman Sachs, Patel brings extensive expertise in equity financing and client solutions. He most recently worked at Millenium, adding buy-side insight to his background. Citi stated that his appointment underscores its commitment to strengthening prime finance offerings and deepening client engagement in key Asia-Pacific markets.