Gautam Anand, a Managing Director, Akshay Menon and Gautam Bhargava will start at UBS in Singapore next year at different times, said the people, who asked not to be identified because the appointments are private
UBS Group AG is hiring three private bankers from rival Credit Suisse Group AG as part of its efforts to bolster services for India’s wealthy diaspora, according to people with knowledge of the matter, reported Bloomberg.
Gautam Anand, a Managing Director, Akshay Menon and Gautam Bhargava will start at UBS in Singapore next year at different times, said the people, who asked not to be identified because the appointments are private.
The three bankers did not immediately respond to requests for comment sent via LinkedIn. A UBS spokeswoman in Singapore declined to comment on the hires. The bank said it will strengthen its coverage of non-resident Indians, which it serves from Singapore, London and the Middle East. A spokesperson for Credit Suisse declined to comment.
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Anand, an NRI team head, joined Credit Suisse in 2013 and was with Australia & New Zealand Banking Group Ltd. and ABN Amro Bank NV previously, according to his LinkedIn profile
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Menon joined the Swiss bank in the same year from Deutsche Bank AG while Bhargava left Kotak Mahindra Bank Ltd.’s wealth unit for Credit Suisse in 2010
Bloomberg reported that UBS was building out its business catering to rich Indians living overseas at a time when the sub-continent was seeing rising wealth. India recently overtook the UK to become the world’s fifth largest economy.
Anand, an NRI team head, joined Credit Suisse in 2013 and was with Australia & New Zealand Banking Group Ltd. and ABN Amro Bank NV previously, according to his LinkedIn profile. Menon joined the Swiss bank in the same year from Deutsche Bank AG while Bhargava left Kotak Mahindra Bank Ltd.’s wealth unit for Credit Suisse in 2010.
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