French bank BNP Paribas raided a rival wealth manager to bolster its non-resident Indian business.
BNP Paribas wealth management named Vikas Jaidka head of non-resident Indian clients. Jaidka will lead the non-resident Indian teams in Hong Kong and Singapore, the bank said in a statement on Tuesday. He will report to Samir Bimal, head of Indian markets.
Before taking on the new role with the Paris-based bank, Jaidka worked for Citi. He established and developed the U.S. bank’s non-resident Indian business in Asia Pacific as well as in the U.K., the United Arab Emirates and Africa.
