Best Private Bank Global Indians
Julius Baer
Best Private Bank – Global Indians
Kunal Sumaya
market head, Global NRI
“This achievement reflects the dedication of our talented team and the unwavering trust of our clients and partners. As we continue to evolve, our focus remains on delivering exceptional value and driving innovative solutions tailored to the needs of Indian clients globally.”
What was behind the judges’ decision?
- Largest and most comprehensive Global India franchise, with a substantial network of relationship managers across India and key NRI hubs. Expanded presence in onshore India from several to a larger number of locations and deepened engagement in key NRI markets such as Singapore, UAE, and Hong Kong. Achieved exceptional net new money (NNM) growth, significantly contributing to the bank’s overall growth in 2024.
- Launched new cross-border wealth management initiatives to integrate onshore and offshore businesses, which saw growth in referral business between India and global NRI hubs, expanding beyond Tier 1 & 2 cities. Set up a single-family office program in Singapore and Dubai, attracting significant new UHNW relationships.
- Launched a learning platform for Global India relationship managers that promotes ongoing exchange of ideas and best practices. The initiative has upskilled many RMs, enabling them to engage more effectively with clients. Julius Baer has also introduced the Women & Wealth Forum and financial literacy programmes targeted at next-generation global Indians.
What we said…
“Julius Baer’s Global India platform stood out again for its unmatched market leadership, strong client engagement, and new market expansions. As the largest foreign private bank in India, the Swiss pure play has demonstrated a well-integrated approach that effectively caters to onshore Indian ultra high net worth (UHNW) clients and non-resident Indians (NRIs) across key wealth hubs such as Singapore, Hong Kong, Dubai, and Switzerland,” said Audrey Raj, senior consultant, South Asia editor of Asian Private Banker.
“In 2024, the firm achieved record-breaking net new money growth, a testament to its positive hiring strategy, innovative product offerings, and tailored pricing models. The launch of new initiatives has strengthened cross-border wealth management, enhancing referral business between India and global NRI hubs.
“Additionally, Julius Baer’s recurring revenue through mandates and innovative products, along with its emphasis on next-generation wealth and financial education, showcases a client-first approach that is future-ready. For these reasons, Julius Baer has earned the title of Best Private Bank – Global Indians at the Awards for Distinction 2024 for five consecutive years.”
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