He succeeds Torsten Linke, who is retiring after five years at the firm.
Bank Julius Baer has appointed Rahul Malhotra as its head of Global India and Developed Markets, covering onshore India, Indian sub-continent and non-resident India, as well as Japan and the Asia team based in Switzerland, effective 1 September 2021, it announced on Tuesday in a statement.
With the bank's single team-based approach, Malhotra will lead both its onshore and offshore teams that serve clients from the Indian diaspora, Julius Baer said in the announcement. He will report to Jimmy Lee, head Asia Pacific and member of the executive board.
Malhotra brings 30 years of experience, and was head of Southeast Asia and previously head of South Asia at J.P. Morgan Private Bank for 10 years, and was most recently responsible for special projects. He also held senior roles at Merrill Lynch and Citibank.
India Focus
India is an important market for Julius Baer, the largest global manager in India based on onshore assets under management. It has been expanding its domestic team, as well as its non-resident Indian offering.
In October 2020, the bank hired Vijay Solomon from Credit Suisse as its group head for global India and developed markets, alongside the hire of a team of relationship managers. Earlier this year, the firm expanded its onshore wealth management business in India with multiple hires, including a former IIFL executive and his team of private bankers.
