By Chanyaporn ChanjaroenHSBC Holdings Plc hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News. Anand’s appointment will support the bank’s ability to serve clients across markets, said Leung, who joined the bank earlier this year also from UBS. Before UBS, he was a team head for non-resident Indians at Credit Suisse and was there for almost a decade. The country’s growing wealth management industry could be worth $5.5 trillion by 2025, according to Bloomberg Intelligence analyst Sarah Jane Mahmud.

Source: The North Africa Journal November 28, 2023 05:08 UTC