Citigroup appoints industry veteran as head of North America private lending

As banks vie for a larger portion of the profitable private lending market, Citigroup has named Aashish Dhakad as head of its North American private credit origination division, according to an internal memo reviewed by Reuters on Monday.

With 20 years of experience in the industry, Dhakad will be joining the U.S.’s third-largest lender in October. His latest position was with the investment management company Ares Management.

As banks vie for a larger portion of the profitable private lending market, Citigroup has named Aashish Dhakad as head of its North American private credit origination division, according to an internal memo reviewed by Reuters on Monday.

With 20 years of experience in the industry, Dhakad will be joining the U.S.’s third-largest lender in October. His latest position was with the investment management company Ares Management.

As banks vie for a larger portion of the profitable private lending market, Citigroup has named Aashish Dhakad as head of its North American private credit origination division, according to an internal memo reviewed by Reuters on Monday.

With 20 years of experience in the industry, Dhakad will be joining the U.S.’s third-largest lender in October. His latest position was with the investment management company Ares Management.