The Swiss private bank has appointed UBS's former ultra-high net worth boss to lead the Indian subcontinent and non-resident Indian markets.
Julius Baer has hired UBS's Parminder Soin as market head for the Indian subcontinent and non-resident Indian in Singapore markets.
Soin joins after a decade with UBS Singapore, where he was head of the ultra-high net worth desk and deputy country head of private wealth management. Before this, he held a number of roles during a 15-year spell at Deutsche Bank, including head of private banking for New Delhi, private banking head for North and East India and senior relationship manager of private banking in Singapore.
In his new role, Soin will be responsible for driving the bank’s business for NRI clients. He will report to Julius Baer's global head of the Indian subcontinent and non-resident Indian markets, Rolf Schaerer.
Soin replaces Daniel Maag, who has been appointed as senior client partner to manage key client relationships. Maag has led the ISC and NRI team out of Singapore for the past 15 months.
“Julius Baer is strongly committed to further expanding our business in the important growth market India. This is a major component of the overall business strategy in our second home market Asia,” said Julius Baer's region head for Asia-Pacific, Thomas Meier.
“With a view to the upcoming completion of our ongoing integration in India, we look forward to serving our most sophisticated Indian clients in a new, exciting setting.”