Citigroup's Asian fixed income capital markets division (FICM) has received a shake-up following the announcement of several key internal managerial moves around the region. The biggest change comes with the departure of Mohsin Nathani, who is transferring internally to take on the reins of EMCB head in the Middle East.

Nathani will be based in Dubai and become CEO and managing director for Citi Islamic Investment Bank. As such he will relinquish his current title as co-head of Asian debt capital markets and throw open to competitors his widely coveted role as king of the Asian syndicated loan market.

His current co-head, Aamir Rahim, will now take on sole responsibility for Citigroup's Asia-Pacific FICM business, which covers both bonds and loans. Rahim will continue reporting to Jeremy Amias, head of GFI for Asia-Pacific and to Atiq Ur-Rehman, GFI head of EM FICM.

Joining Rahim in Hong Kong will be Farhan Faruqui, who becomes the firm's new head of the loans business for Asia-Pacific (inc. Japan). He will also take up responsibility for Citi's infrastructure and energy finance (IEF) business in the region.

Faruqui will report globally to Michael Mauer, head of global loans and regionally to Aamir Rahim. Presently, Faruqui is the firm's corporate and investment banking head for the Czech Republic and EMCB head for Central Europe.