Indran Thana, an experienced investment banker, is set to join Citi as the managing director and head of real estate for the Association of Southeast Asian Nations (ASEAN) segment. The appointment, effective from June 2026, will see Thana, a former UBS employee, operating from Singapore.
In his new role, Thana will report to Matthew Nimtz, the head of ASEAN investment banking, as well as Ben Connolly, the Asia head of real estate investment banking and co-head of capital markets and advisory for Australia and New Zealand.
During his tenure at UBS, Thana held the position of managing director and head of real estate, lodging & leisure for Asia. His professional experience also includes stints at DBS, Maybank, and Amanah Capital.
In an internal memo, Citi lauded Thana for his “deep client relationships, proven track record, and comprehensive expertise across traditional and emerging real estate sectors.” The corporation expressed confidence that his skills and experience will allow them to increase their market share and strengthen partnerships with critical institutional and corporate clients throughout Southeast Asia.
Questions & Answers
Who is Indran Thana?
Indran Thana is an experienced investment banker who has previously worked for UBS, DBS, and Maybank, among others. In June 2026, he will join Citi as the managing director and head of their ASEAN real estate business.
What will be Thana’s role at Citi?
As the managing director and ASEAN head of real estate for Citi, Thana will be expected to use his extensive expertise in the real estate sector to increase Citi’s market share and strengthen existing partnerships with key clients across Southeast Asia.
What previous positions has Thana held?
Thana has held several high-ranking positions in financial industries. Notably, he was previously the managing director and head of real estate, lodging & leisure for Asia at UBS.