Citi names Varun Matta as TMT investment banking head for ASEAN

Matta will be a managing director and will also cover some sponsor clients for the region.

Citi has hired CIMB’s Varun Matta as head of technology, media, and telecommunications (TMT) investment banking for the Association of Southeast Asian Nations (ASEAN) region, reports Bloomberg.

Matta, who will join the bank in a few months in Singapore, will be a managing director and will also cover some sponsor clients for the region, the bank said.

“ASEAN is home to some of the fastest-growing TMT companies globally and we are further intensifying our focus on this sector with this key hire to support our client-led growth across Southeast Asia,” Jan Metzger, Citi head of Asia Pacific banking, capital markets, and advisory, said.

Matta will report to Jim Perry and Ho-Yin Lee, co-heads of TMT for Asia Pacific and David Biller, head of ASEAN banking, capital markets and advisory.

Matta was most recently head of mergers and acquisitions, financial sponsors and TMT at CIMB.

Here's more from Bloomberg.