SG Private Banking, the wealth management arm of the Societe Generale group, has appointed Nipun Mehta as executive director and head of SG Private Banking for India.

Mr Mehta is based in Mumbai and will be responsible for business development and day-to-day operations of SG Private Banking in India. He reports to Singapore-based Balakrishnan Kunnambath, managing director and global market manager for the Indian subcontinent: Singapore is the regional hub of SG Private Banking (Asia Pacific).

Nipun Mehta has 23 years of experience in financial services with exposure to wealth management, mutual funds and the primary and secondary capital markets. Prior to joining SG Private Banking India, he was chief executive officer of a company managing wealth for high net worth and ultra high net worth individuals and non-resident Indians.

SG Private Banking set up the onshore wealth management business in India in November 2005 and currently has offices in Mumbai and New Delhi. SG Private Banking ( Asia Pacific) currently has five main booking centres: Hong Kong and Singapore as international centres, along with Japan, India and China for domestic wealth management activities.