Standard Chartered Private Bank has hired four former Julius Baer bankers and another who was previously with JP Morgan to boost its non-resident Indian (NRI) desk in Singapore, according to a statement from the bank.
Bharath Shetty has joined the British lender as a managing director and team head, while Gagan Mehrotra, Apurva Kothari, Deepak KV and Komal Syal have also joined the private bank as managing directors over the past three months.
All five bankers report directly to Vishal Jain, managing director and market head for the Global South Asia Community (GSAC) Asia.
Shetty, Kothari, KV and Syal joined from Julius Baer, where they covered the Indian diaspora, while Mehrotra was most recently a JP Morgan banker, responsible for managing key UHNW relationships across Singapore, India and the UAE.
The move to bulk up the bank’s NRI team dovetails with Standard Chartered Private Bank’s plans to “continue to invest in… a global South Asia proposition”, according to the bank’s statement.
In addition to the appointments, the bank said it has raised the overall seniority of its frontline team.
Last year, Standard Chartered Private Bank hired Srinivas “Srini” Siripurapu from Barclays to fill the role of regional ASEAN and global NRI head.