He joins Threadneedle from Boston-based Acadian Asset Management, where he was head of emerging market debt, having joined the firm in 2007.
He joined NAB in Australia in 2009 as the head of the institutional bank, with global responsibility covering its large corporates, multinationals, the commercial real estate, government and education sectors and acquisition finance and advisory business
An extraordinary City row erupted last night when Nat Rothschild abruptly quit the board of a mining company he created, accusing his chairman of being "complicit" in the "oppression" of some shareholders.
She was a member of the BT Financial Group leadership team for seven years, having held a number of key roles in the business including General Manager, Customer Service and General Manager, Risk Solutions.
"Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the basics of banking," Mr. Pandit said.
It comes after negotiations between Ameriprise Financial, parent of Threadneedle Asset Management, and ING over the acquisition of the latter’s Asian investment business have broken down, sources indicate.
His plan is to focus on existing relationships while also leveraging on those the CIMB Group will bring from Southeast Asia, as well as from North Asia as part of CIMB’s acquisition of RBS’s Asian arm.