RBS Announces New Head Of Private Clients Business In India

The Royal Bank of Scotland Group ("RBS") appoints Shiv Gupta as Head of its Private Clients business in India. Gupta will oversee all aspects of the India private banking business, which was acquired as part of the RBS acquisition of

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The Royal Bank of Scotland Group (“RBS”) appoints Shiv Gupta as Head of its Private Clients business in India.

Gupta will oversee all aspects of the India private banking business, which was acquired as part of the RBS acquisition of ABN Amro.

Previously based in RBS Coutts’ international headquarters in Singapore, Gupta was responsible for the bank’s private banking business in Thailand and the Non-resident South Asian business in Southeast and North Asia. As one of the founding members of the RBS Coutts South Asian team, he was instrumental in growing the business into one of the most successful in the region.

“With its unprecedented level of wealth creation in recent years, India today is home to one of the world’s fastest growing high net worth populations,” says Gupta. “I am excited to return to India after spending a number of years abroad and equally delighted to be part of a fast-growing business in India. Our links with the wider RBS business in India enable us to offer clients a broad suite of services, in addition to the range of private banking services.”

Gupta is a member of the India management team headed by Meera H Sanyal, Country Executive for India. The Private Clients business in India forms part of the RBS South Asian wealth management strategy driven by Raj Sriram, Global Head of the South Asian wealth management business.

“There are huge opportunities that we can leverage to expand our leadership in the South Asian wealth management business globally, and India plays a key part in our strategy,” says Sriram.

Gupta leads a team comprising approximately 60 staff located in 5 offices across India, including 30 private bankers. Paul Davies, former head of the Private Clients business in India, will move to Hong Kong to lead the bank’s efforts in establishing a private banking proposition in China and concurrently assume the role of Branch Manager for the private bank in Hong Kong.

D.C.

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