Barclays Wealth hires a senior banker for its Indian office from Citigroup, to target ultra high net worth individuals, The Wealth Bulletin reports.
Vishal Jain joins as director, responsible for developing key client relationships. He will be based in Mumbai and reports to Satya Bansal, chief executive of Barclays Wealth India.
Jain was a Citigroup veteran with 14 years at the US bank under his belt. He worked across functions in the corporate bank and the private bank. In his most recent position, Jain worked as a senior client coverage banker with Citigroup private bank, and was a founding member of a team that set up the private banking business in India.
“This appointment represents a significant step in our planned expansion of the Barclays Wealth proposition in India,” says Bansal. “As an experienced financial and wealth management professional, Vishal will help to drive our growth and ensure our offering continues to set the industry benchmark.”