Barclays Wealth Hires UBS Bankers To Strengthen Team In South Asia

Published: 08-Feb-2010

Barclays Wealth, the global wealth management division of Barclays, has appointed three senior bankers to its South Asia team based in Singapore.

Vikram Malhotra will join as MD, head of South Asia. He will be responsible for managing a team of Hong Kong and Singapore-based bankers providing wealth management and advisory solutions to the South Asian community in Asia Pacific.

Mr Malhotra will report to Srinivas Siripurapu, head of Southeast Asia and South Asia, and market manager of South Asian community. Prior to joining Barclays, he was MD country team head of India international Asia at UBS, where he managed a team of Hong Kong and Singapore-based bankers servicing South Asian clients. Mr Malhotra has more than 15 years of corporate and private banking experience gained at financial institutions across Asia, including ABN Amro and Standard Chartered, of which he held various leadership roles.

Also joining Barclays Wealth from UBS are two senior bankers serving the South Asian high net worth community. Jagdish Kale and Rohit Nanani join as directors, effective 24 February 2010, and will be based in Singapore. Both of them bring more than 10 years of experience in corporate, investment and private banking across India and Singapore.

Mr Malhotra said: “The further attraction of Barclay’s Wealth is that as part of a global universal bank, it is able to leverage capabilities across the wider group, bringing in institutional disciplines and delivering world class fiduciary, wealth structuring and trust services, to meet the business and private wealth management needs of high worth clients.”

Mr Siripurapu said: “Vikram's appointment provides clear evidence that Barclays Wealth has the right client value proposition and brand profile in place to attract very senior and established bankers.”

Mr Didier von Daeniken, CEO of Barclays Wealth in Asia Pacific, said: “As we continue to build our presence in Asia Pacific, adding high-calibre senior bankers is crucial to meeting the complex needs of our sophisticated private banking clients. These three new hires further validate our success in having established our leadership position as the private bank of choice with the South Asian ultra-high and high-net-worth client segment as well as the South Asian banker community.”

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