The Non Resident Indian (NRI) market is back in favour with banks, Swiss wealth manager UBP has made a senior-level hire for its team in Singapore, as finews.asia can reveal.
From a few years ago when a spate of banks distanced themselves from their offshore India platforms, the sector has once again found favour with private banks who have been quick to ramp up their teams.
Union Bancaire Privee (UBP) is the latest to make a senior level hire for its Non Resident Indian (NRI) team, Abhishek Misra joins the bank in Singapore as a Managing Director after almost three years as a Director for South East Asia at UBS. He had previously worked for BSI, another Swiss bank with ambitious plans for the NRI segment.
In his new role, Misra will cover NRI clients in South East Asia, with a focus on Indonesia. He will report to Varun Minocha, Managing Director and Market Head, NRI Asia.
