BNP Paribas in Asia Pacific News & Press
August 5, 2013 -

BNP Paribas expands its onshore wealth management franchise in India

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BNP Paribas today announces the appointment of Mr Ravinder Singh as a new Senior Director based in New Delhi, India for BNP Paribas Wealth Management, as part of its commitment to furthering its wealth management franchise and enhancing its client services in north and east India.

Ravinder re-joined BNP Paribas Wealth Management India in early August with more than fifteen years of experience in the wealth management landscape in north India, and extensive knowledge of the prominent families in the region. Prior to this, Ravinder was Director and head of north India in Barclays Wealth, where he developed successfully the Barclays franchise for the last five years. Prior to Barclays, he spent eight years with BNP Paribas Wealth Management in India servicing clients in north India and was with HSBC and Citi for four years. Ravinder has a Masters in Business Administration from the University of Delhi.

Ravinder reports to Mr Samir Bimal, Global Head of India Onshore Business, and Managing Director and CEO of BNP Paribas Investment Services India Private Limited, the BNP Paribas Wealth Management entity in India.

Since late last year, BNP Paribas Wealth Management India has enhanced its focus across its various entities on business families. This reinforced focus is achieved through various initiatives, including the enhancement of the wealth advisory capabilities, the lending capabilities and the advisory service. The coverage team has also been strengthened with the joining of senior bankers Mr Brijesh Majali in Mumbai in March and Mr Dilpreet Sahi in New Delhi in April this year. In Asiamoney Private Banking Poll 2013, BNP Paribas Wealth Management was voted Top 2 Best Private Bank in India by High Net Worth Individuals with US$5-25 million.

Commenting on the appointment of Ravinder, Samir said, “There is an increasing demand for high quality wealth management services in India and we have a strong commitment to develop our India franchise. The appointment of Ravinder will help us reach the next level in north and east India and also enhance our platform and offering further. His leadership and engagement will be a strong asset central to our development”.

Stephane Honig, Head of Indian Markets, BNP Paribas Wealth Management, said, ”Our focus on business families and our redefined value proposition position us as one of the most comprehensive wealth managers in the market. Despite the challenging environment, our commitment to grow our wealth management franchise in India remains strong. Our coverage team dedicated to Indian clients has doubled since January 2013, and we are still planning for further recruitments of professionals with senior profiles both in India onshore and the Non Resident Indian markets. With the team in place, I am very confident in our ability to provide more robust onshore services to our clients.”

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