Standard Chartered maintains its accelerated private banking expansion drive with the latest hire of a former UOB private banker.
Kapil Poply joins Standard Chartered Private Bank as a managing director and senior client partner for global South Asia community (GSAC) markets, according to a statement seen by finews.asia. Poply has 20 years of banking experience and was most recently a senior client advisor at UOB Private Bank. He has a focus on non-resident Indian (NRI) wealth and previously also worked with ANZ, ING, UBS and Citi.
Also joining is Guarav Gupta, who was appointed executive director and relationship manager for GSAC. Gupta has 15 years of experience in ultra-high net worth client coverage of NRIs across the Middle East and Southeast Asia. Gupta previously worked with the likes of HSBC and ING.
Poply and Gupta both report to Ravi Ramakrishnan, managing director and GSAC market head at Standard Chartered Private Bank.
30-40 Private Bankers Per Year
The duo NRI hires mark the third private bankers joining in a week as part of a broader strategy to hire 30-40 per year over the next two to three years in hopes to boost assts under management to $100 billion within five years.
Last week, the bank also hired Adeline Lai, ex-HSBC banker, to focus on Southeast Asia clients.
Standard Chartered Private Bank currently houses about 300 relationship managers and $65 billion in AUMs.
