HSBC Private Bank’s Global South Asian Diaspora team has appointed Mrinalini Ramakrishnan as a director and investment counsellor based in London, in a bid to target the increasing number of high net worth global South Asians, whose collective wealth is estimated to be in excess of $1 trillion.

HSBC’s GSAD team comprises more than 110 client-facing staff across nine geographical locations, with regional offices in India, North America, the UK, Switzerland, the Channel Islands, Dubai, Luxembourg, South Africa, Singapore and Hong Kong. 

Ramakrishnan has had a range of wealth management roles at JP Morgan, Citigroup and Merrill Lynch, where she has worked for the past 13 years. As a portfolio counsellor, she was responsible for advising high net worth clients on investment strategies covering mutual funds, ETFs, hedge funds, private equity and real estate.

Recently a number of other banks have been looking at the South Asian diaspora, particularly the Non-Resident Indian community, which is being targeted by Citi Private Bank, Royal Bank of Scotland’s wealth arm, Standard Chartered, Credit Suisse and Barclays Wealth. (Click here for an article on Citi Private Bank and the NRI community.)