Julius Baer has announced the promotion of a seasoned private banker for the India market to the Zurich-based group’s executive board.
Rahul Malhotra has been appointed as one of the newest members of Julius Baer’s revamped executive board, according to a statement, and he will take on the position at the beginning of 2024.
Malhotra is currently responsible for Julius Baer’s global India franchise (onshore and non-resident), Japan and Asian clients served out of Switzerland as well as Japan. He joined Julius Baer in 2021 from JPMorgan where he previously served as head of Southeast Asia for the regional private banking business. Prior to that, he also worked at Merrill Lynch and Citigroup.
Emerging Markets
In addition to joining the executive board, Malhotra will take on an expanded role overseeing the emerging markets cluster. On top of his existing responsibilities for the India market, Malhotra's new remit will also include the Middle East & Africa, Central & Eastern Europe, Israel, Greece and Turkey.
«[Malhotra] will be based primarily in Dubai, recognizing the financial hub’s central role for these growth markets,» the bank said.
The world’s most populous country has been a significant contributor at Julius Baer, accounting for «solid net inflows» in the first half of 2023 out of the total 7.1 billion Swiss francs ($7.8 billion) in net new money. As part of its growth plans for the market, the bank moved to a fresh office in New Delhi in July.
