Citigroup Global Markets India's managing director, equity sales, Brian Brown, is understood to have resigned from the company.
A Citigroup spokesperson, when contacted, declined to comment on employee-specific resignations.
Citigroup, which received a multi-billion bailout from the US Government on Tuesday, plans to reduce its headcount by over 50,000 but has said that the impact of the job cuts would be minimal in India.
- Citigroup still has job vacancies!
- US readies $20 billion bailout package for Citigroup
- Pandit stays at Citi, at least for now
- Citi's toxic assets = 6 times Indian banks' total m-cap
