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JPMorgan commits to Indian private banking push

JPMorgan Private Bank has hired industry veteran Rahul Malhotra to expand its business for Indian clients across different regions.

Date: Sept 17, 2010

Tags: JPMorgan Private Bank, Rahul Malhotra, India, Andrew Cohen

JPMorgan Private Bank has hired industry veteran Rahul Malhotra to expand its business for Indian clients across different regions.

Malhotra, to be based in Singapore, joins the firm in the role of managing director and market manager for India.

He has 25 years of experience in financial services, most recently as head of wealth management for Asia at Merrill Lynch – a role he left around 18 months ago. He has also worked at Citibank as global head of NRI, based in London, and head of retail banking for Asia, based in Singapore.

“[Malhotra’s] intimate knowledge of the region combined with his extensive skill set across markets, investment offerings, and client coverage models will allow him to hit the ground running to build out the resources and infrastructure required to become India’s leading and trusted private client ultra-high-net- worth business of choice in this increasingly competitive market,” said Andrew Cohen, chief executive officer of JPMorgan Private Bank in Asia.

 
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