The Indian unit of Swiss private bank Julius Baer has bolstered its headcount with the appointment of 11 relationship managers.
The private bank said that the move is intended at fortifying its position in India.
The newly-appointed relationship managers will tend to resident Indian and NRI customers, with responsibility for overseeing HNWI and UHNWI wealth management offering.
The relationship managers will be based across the bank’s branches in Chennai, New Delhi, Kolkata and Mumbai.
The appointments include Meghna Vaidya and Reetika Srinivasan who will work in the Mumbai office and Chennai office, respectively. The duo will serve as senior relationship managers.
Vaidya has an experience of over 22 years in the private banking space. She previously spent 19 years as the senior vice president and head of global private clients at HDFC Bank.
Srinivasan, with an experience of over 17 years in private banking and wealth management, most recently worked at Kotak Wealth.
Julius Baer Wealth Advisors India CEO Ashish Gumashta said: “We have been actively scaling up the India franchise and bringing Julius Baer’s very unique global competitive strengths to the Indian market that helps us to reinforce our differentiation in the region. With a strong team of highly experienced RMs with global expertise, our advisory capabilities in serving our resident Indian and NRI clientele across key cities of Chennai, New Delhi, Kolkata and Mumbai, stand to be further strengthened.”
He continues: “As part of the Julius Baer Group, in India we are a ‘global Indian firm’ – bringing collective expertise and a broad network of contacts within the Group’s international businesses that can be leveraged for the India business. Through such strategic appointments, we are excited to further broaden the India platform to bring Julius Baer Group’s unsurpassed expertise, competence and commitment to India-based HNWIs.”
All the newly appointed relationship managers will report to Gumashta.