Coutts bolsters Middle East based team hires four private bankers to focus on non resident Indian market
- United Arab Emirates: Tuesday, September 18 - 2012 at 16:01
Coutts reinforced its continued expansion in the Middle East, with four key hires and plans to hire additional staff across the region this year. Coutts has three offices in the Middle East, in Abu Dhabi, Dubai and Doha. Coutts announced last year its plans to make 20 additional appointments over the next year, 15 of which will be based in Dubai which acts as the hub of Coutts' Middle East activities.
Prior to joining HSBC in 2011, Mr Mansukhani was an Executive Director in the Wealth Management division of Goldman Sachs.
He has also worked as a private banker at Citigroup, and started his career at Merrill Lynch Dubai. He has over 12 years experience in the banking industry. He will co-lead the NRI team in Dubai.
Mahesh Ram joins Coutts as a Director with 17 years in the banking industry and was until recently a private banker at ABN Amro Group. For three years prior to his appointment at ABN Amro, Mr Ram worked as a private banker at UAE-based Mashreq Bank. Previous to that, Mr Ram spent 10 years working in asset management in Bangalore and Chennai, India.
Jai Prakash Paliwal joins Coutts as a Director from ICICI Bank where he was a Vice President, managing a team of five relationship managers. Mr Paliwal joined ICICI in 1998 as an officer and became a Relationship Manager in 2003, before becoming a senior Relationship Manager. Mr Paliwal holds an MBA in Finance from the Institute of Management Technology, Ghaziabad, India.
Amit Tyagi joins Coutts as a Vice President from HSBC's private banking division, where he was an Associate Director. Prior to that, Mr Tyagi was a senior associate Vice President and Relationship Manager in the Wealth Management division of Kotak Mahindra Bank in New Delhi, India, and a Relationship Manager at Citibank in India. He has nearly 10 years experience in the banking industry.
Amir Sadr, Co-Head of the Middle East, said, "The Middle East region is one of the key areas of focus for Coutts and this is reflected in the calibre of the appointments we welcome to the team. It is essential that we have the right people in place to implement our strategy and deliver on our ambition to be a leading provider of exceptional private banking and wealth management solutions for our clients."
Ranjit Khanna, Head of South East Asia & Global NRI at Coutts, added, "We are delighted to welcome such a wealth of experience in the NRI client segment to Coutts, as the NRI business is a key part of our growth strategy. Coutts was one of the first private banks to focus on South Asians and NRIs and over the past 12 years, we have successfully developed one of the most successful NRI businesses globally. The Middle East is an important region for the NRI business, and I am confident that this additional expertise will play a significant role in delivering our growth agenda in this market."
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