Swiss wealth management group Julius Baer has appointed Rahul Malhotra as new head of global India and developed markets.

This covers onshore India, ISC, NRI, Japan, and the Asia team based in Switzerland.

Malhotra starts this role on 1 Switzerland 2021 and will report to Jimmy Lee, head of Asia Pacific and member of the executive board.

Previously, Malhotra was head of Southeast Asia and head of South Asia at JPMorgan Private Bank for 10 years covering clients in Singapore, Malaysia, Indonesia, Thailand, Australia and NRIs across regions and was most recently responsible for special projects of the International PB.

“I am delighted to welcome Rahul to Julius Baer, the largest foreign private bank in India. We also have an extensive and huge global India corridor for NRI. This offers tremendous opportunities for our Bank on the back of a clearly defined global India strategy with a major India onshore presence. With our single team-based approach, Rahul will be leading his onshore and offshore teams and continue to work closely and seamlessly in serving our clients from the Indian diaspora, one of the biggest in the world,” said Lee.

He added: “I would also like to sincerely thank Torsten, who informed me earlier that he has decided to retire, for his many contributions to our South East Asia and Indian businesses as well as serving as Branch Manager Singapore in the past years. Rahul and Torsten will be working together closely to ensure a smooth transition.”