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Merrill Launches Trust Services in Northern India

Stephen Harris

23 July 2007

DSP Merrill Lynch has launched trust services for high net worth individuals in Northern India. "The threshold limit for availing Trust Service is Rs four crore ($991,000) and we target to rope in at least one per cent of 1,000,000 millionaires in the country," Merrill Lynch chief trust officer, Kevin Horrocks, told the local press. DSP Merrill has around 8,000 wealth management clients in India, according to press reports.