Indra Rajaratnam is a solicitor, and works for Re:link (Linklaters) as a consultant with financial institutions in London. She previously worked for over 12 years as a director and deputy general counsel with Citigroup Global Markets Limited (London), where she was also seconded to Citigroup Global Markets Inc (New York). In her role as in-house counsel, Rajaratnam advised a wide range of fixed income desks on credit derivatives, synthetic risk transfer transactions, structured derivatives/financing solutions and repackagings. Her principal focus was on credit, structured credit, asset-backed securities and correlation trading.
Rajaratnam has participated in several industry credit derivatives working groups and committees established by the International Swaps and Derivatives Association and, in relation to credit indexes, IHS Markit (now part of S&P Global), which have shaped the form of many credit derivatives products traded in the market today. Her work with these working groups and committees has included product reforms to the 2014 Isda Credit Derivatives Definitions, ‘narrowly tailored activity’, the establishment of new trading conventions to facilitate the trading of CoCos and senior non-preferred debt, and other product initiatives under the auspices of Isda’s Credit Steering Committee.
Prior to joining Citigroup in 2007, Rajaratnam worked in the securities and structured finance department of Ashurst (London) on collateralised debt obligations, structured credit and euro medium-term note issuances, and in the tax and revenue practice group of Shearn Delamore (Malaysia), where she specialised in investment fund issuances, cross-border tax and restructurings.
She gained a BA (Hons) in law with computing from the University of Kent in 1993, and an MBA (Corporate Finance and Financial Markets and Assets) with a distinction from Imperial College London in 2001. Rajaratnam was awarded the Ford Prize in Management for her thesis on the Sharpe ratio of performance assessment in connection with European pension funds and their reform.