Brown Shipley, the UK-based private bank, has unveiled a new London-based practice for clients of South Asian origin based in the UK and overseas and has taken on three new private bankers for the service.
The new service will be staffed with Sameer Kaushal, who joins from HSBC where he was head of non-resident Indians in the UK and Europe, Dhruv Bhatnagar, who most recently worked for EFG Private Bank an associate director, and Imran Qureshi, latterly at SG Hambros as an assistant private banker. It will be led by Ravi Sidhoo, head of global South Asian banking for Brown Shipley’s parent group KBL European Private Bankers.
“South Asia has seen enormous economic growth in recent years, fuelled in part by the success of India which has emerged as one of the largest and fastest growing economies in the world,” said Sidhoo. “This has created an influential South Asian diaspora with unique and often complex wealth planning needs.”
The team targets a client base of senior finance professionals, doctors and entrepreneurs who live in the UK but are of South Asian origin, especially India, Pakistan and Sri Lanka. They will also serve clients who work for the region’s rapidly growing number of multinational companies, but prefer to invest in a what is perceived as a more stable political and regulatory environment.