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.
-
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
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.
*********************************************************************
Readers
These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.
Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world. We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.
Please help us to keep our journalism independent and free.
In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.
For more information: pravasisamwad00@gmail.com