AWT understands from viewing an internal memo that the current head of the NRI Asia Pacific Market Group based in Singapore is stepping down.
Having been with the bank since 2007 Venugopal Vishwanathan who set up and grew the NRI business in Asia Pacific for the Swiss banking giant and who guided the NRI business through the financial crisis will take early retirement and step down from his role in July.
Vishwanathan is credited with hiring and integrating the Hong Kong and Singapore NRI teams, the current team stands at 25.
The memo noted that a replacement would be named in due course.
