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Deutsche Bank expands Singapore NRI team

Deutsche Bank expands Singapore NRI team

Deutsche Bank Wealth Management said it has hired three new managing directors to support its growth strategy in Asia.

All of them are Singapore-based relationship managers dedicated to cover non-resident Indian (NRI) clients as part of the global South Asia business.

Rasik Ahuja joins from UBP where he was desk head for NRI and South Asia since 2014. Prior to that, he worked at EFG Private Bank and Citigroup.

A former principal director at Standard Chartered Bank, Sagar Sapra brings a wealth of experience to the position. His previous jobs include with the Bank of Singapore, Merrill Lynch, and Citibank.

Swapnil Mishra comes from BSI Bank where he was deputy head of the global South Asia business for eight years, after working with Citibank.

Amrit Singh, head of wealth management coverage for global South Asia said Deutsche Bank continues to see very strong business momentum in the NRI segment, which is backed by Lok Yim, Asia Pacific head of wealth management.

In the first quarter of this year there will be another 10 hires at various levels of seniority joining the team in Singapore and Dubai, he added.

Last December, the German bank hired six Singapore-based relationship managers dedicated to covering clients in Southeast Asia.

The first team of four, led by group head Jonathan Ng, joined Deutsche Bank WM from BNP Paribas Wealth Management Singapore. The second team of two, led by Gregory Goh, joined Deutsche Bank WM from Nomura Singapore.

This comes after Deutsche Bank appointed Wee Teck Tay as director head of Asia Pacific private markets, and John Lilley as Asia Pacific director funds solutions specialist.

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