Barclays Wealth

The appointments of Vikram Malhotra, Jagdish Kale and Rohit Nanani consolidate Barclays Wealth leadership position with South Asian high net worth community

Barclays Wealth, the global wealth management division of Barclays PLC, today announces the appointment of three senior bankers to its South Asia team based in Singapore.

Effective today, Vikram Malhotra joins as Managing Director, Head of South Asia. In this role, he will be responsible for managing a team of Hong Kong and Singapore-based bankers providing wealth management and advisory solutions to the South Asian community in Asia Pacific.

Mr Malhotra reports to Srinivas Siripurapu, Head of Southeast Asia and South Asia, & Market Manager, South Asian Community. Prior to joining Barclays Wealth, Mr Malhotra was Managing Director, Country Team Head, India International Asia at UBS, where he managed a team of Hong Kong and Singapore-based bankers servicing South Asian clients. Mr Malhotra has more than 15 years of corporate and private banking experience gained at financial institutions across Asia, including ABN Amro and Standard Chartered, of which he held various leadership roles.

Also joining Barclays Wealth from UBS, are two senior bankers serving the South Asian high net worth community. Jagdish Kale and Rohit Nanani join as Directors, effective 24 February 2010, and will be based in Singapore. Both of them bring more than ten years of experience in corporate, investment and private banking across India and Singapore, and have spent a significant proportion of their banking careers managing the wealth of South Asian ultra-high and high-net-worth clients.

On joining Barclays Wealth, Mr Malhotra said: "Barclays Wealth is the private bank of choice for the South Asian high net worth community, having significantly built up its offerings over the last few years, into one of the biggest and most experienced teams serving this particular client segment today. The further attraction of Barclays Wealth is that as part of a global universal bank, it is able to leverage capabilities across the wider group, bringing in institutional disciplines and delivering world class fiduciary, wealth structuring and trust services, to meet the business and private wealth management needs of high net worth clients."

Mr Siripurapu said: "Vikram has an outstanding track record of team management, business development and delivery of client-oriented solutions. His appointment provides clear evidence that Barclays Wealth has the right client value proposition and brand profile in place to attract very senior and established bankers."

Mr Didier von Daeniken, Chief Executive of Barclays Wealth Asia Pacific, said: "As we continue to build our presence in Asia Pacific, adding high-calibre senior bankers is crucial to meeting the complex needs of our sophisticated private banking clients. These three new hires further validate our success in having established our leadership position as the private bank of choice with the South Asian ultra-high and high-net-worth client segment as well as the South Asian banker community."

For further information contact:

Gan Lee Meng, Barclays Wealth, Corporate Communications
+44 6308 3772

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