ABN AMRO Private Banking has appointed Rohit Anand as market manager for the non-resident Indian client segment, covering Singapore, Hong Kong, and the Middle East.

Rohit was previously the head of the subcontinent team of ABN AMRO in Dubai, where he focused on NRI and non-resident Pakistani clients. In his new role he will be responsible for building the NRI client teams in Hong Kong and Singapore while continuing to strengthen the Dubai business, where he remains based. 

He continues to report to Rob Broedelet, the country executive of UAE, and will also functionally report to Hans Diederen, the chief executive of ABN AMRO Private Banking Asia.

The private bank has existing relations with the high net worth NRI and NRP segments in the Middle East and Asia and is looking to further strengthen its presence in this lucrative area.

According to a report by VRL on the South Asian wealth diaspora, assets of wealthy Indians have tripled over the last decade to $3.5 trillion and are likely to reach $6.4 trillion by 2015. The Indian diaspora is the largest among the South Asians at approximately 25 million, followed by Pakistanis, the study said.