The appointment follows the bank’s October 2011 decision to build its domestic wealth management business in the Indian subcontinent.
Balcon, who has spent 28 years with the banking major, has been relocated from Singapore.
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Recently, UBS had hired a number of senior relationship managers and cluster heads for the business.
UBS offers equities, funds and cash products to domestic clients at present and will also be providing sophisticated lending solutions for both resident and non-resident Indians.
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