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Barclays hires ex-UBS staff to boost South Asia operations

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Barclays Wealth has hired three former UBS bankers to help boost its business in South Asia.

The bank has appointed Vikram Malhotra as managing director and head of South Asia operations to lead a team of bankers based in Singapore and Hong Kong.

Malhotra’s team will work on providing advisory solutions and wealth management to investors in the region.

Jagdish Kale and Rohit Nanani have also been appointed as directors and will be providing investment advice to high-net-worth clients in South Asia.

Didier von Daeniken, chief executive at Barclays Wealth Asia Pacific, says: "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."

Malhotra has more than 15 years’ experience in the region, having been employed by India International Asia at UBS as well as with Standard Chartered and ABN Amro.

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