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March 16, 2017

Safra Sarasin hires CEO for its new UHNW Asia unit

Swiss private bank Bank J Safra Sarasin has named Vinay Gandhi as its managing director and CEO for its newly created ultra-high-net-worth (UHNW) division in Asia.

By Verdict Staff

Swiss private bank Bank J Safra Sarasin has named Vinay Gandhi as its managing director and CEO for its newly created ultra-high-net-worth (UHNW) division in Asia.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
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Based in Singapore, Gandhi will be responsible for managing ultra-rich clients across all markets in Asia. He will report to Sarasin Asia CEO Enid Yip.

Gandhi, wwho has an experience of about 25 years in the Asia wealth management industry, most recently served as a managing director and regional market manager for UHNW for Southeast Asia at UBS.

At UBS, he was primarily tasked with catering to UHNW clients in Malaysia, Philippines and Thailand, and global NRI clients. 

Before joining UBS, he headed Deutsche Bank’s south Asian private banking division in Singapore, as well as held senior positions at Citigroup Private Bank and Commerzbank in Asia.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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