The Royal Bank of Scotland has appointed Prateek Pant as head of wealth solutions at its private banking business in India.

Pant comes to the firm with 14 years of financial services experience and was most recently the head of retail advisory at Franklin Templeton Investments, India. In his new Mumbai-based role, he will be overseeing a team of staff comprising investment strategists, investment advisors, and product managers. He reports to Shiv Gupta, head of RBS's private banking unit.

This latest appointment builds on the launch of RBS's new investment proposition in 2009, which introduced an upgraded suite of services that cater to high net worth worth individuals in the country.

"We will continue to strengthen the product and functional core of the business as we grow our staff base and assets under management over the next four to five years," Gupta said in a statement.

RBS Private Banking India was previously known as ABN Amro Private Clients until it was renamed following RBS's acquisition of ABN Amro in 2007.