People Moves
Julius Baer Recruits Senior JP Morgan Figure For Global India Post
The post covers the global India and developed markets business, based in Singapore.
Julius Baer has
appointed former JP
Morgan senior private banker Rahul Malhotra as its new head
for its Global India and Developed Markets business. Based in
Singapore, Malhotra starts on 1 September, taking over from
Torsten Linke to lead the onshore and offshore teams. Linke has
decided to retire.
Malhotra’s group serves clients from the Indian diaspora as well
as covering Japan and the Asia team based in Switzerland. He will
report to Jimmy Lee, head of Asia-Pacific and member of the
executive board at Julius Baer.
With more than 30 years of financial sector experience, Malhotra
was head of Southeast Asia and previously head of South Asia at
JP Morgan Private Bank for 10 years, covering clients in
Singapore, Malaysia, Indonesia, Thailand, Australia and NRIs
across the regions. Before that, Malhotra was head of wealth
management for Asia at Merrill Lynch and built the Global India
business.
Earlier in his career, Malhotra spent 20 years in Citibank where
he was based in India, Dubai, London and Singapore. At Citibank,
he held various senior leadership positions including global head
of NRI and head of Retail Banking for Asia.
“I am delighted to welcome Rahul to Julius Baer, the largest
foreign private bank in India. We also have an extensive and huge
global India corridor for NRI. This offers tremendous
opportunities for our bank on the back of a clearly defined
global India strategy with a major India onshore presence. With
our single team-based approach, Rahul will be leading his onshore
and offshore teams and continue to work closely and seamlessly in
serving our clients from the Indian diaspora, one of the biggest
in the world,” Lee said.
“I would also like to sincerely thank Torsten, who informed me
earlier that he has decided to retire, for his many contributions
to our South East Asia and Indian businesses as well as serving
as branch manager Singapore in the past years. Rahul and Torsten
will be working together closely to ensure a smooth transition,”
Lee added.
