Royal Bank of Scotland’s (RBS) wealth division
is to launch wealth planning services in India.
“This is an important step for RBS wealth
division as it complements their existing banking and investment
service offerings as a part of a comprehensive wealth management
proposition,” the bank said in a statement.
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“The service will be available to clients in
multiple jurisdictions in India, and irrespective of where their
estates may be located,” the bank added.
RBS wealth planning service in India will
advise on succession planning, asset preservation, asset
consolidation, and philanthropy.
RBS group will deliver the service through its
group company, RBS Financial Services (India) Pvt Ltd, where its
wealth planners with an experience in fiduciary, legal and tax
advisory services will work with clients, the bank said.
RBS private banking managing director, Shiv
Gupta said, “Whilst still at a nascent stage, we recognise the
importance for wealth planning in India where we are seeing the
twin phenomena of significant wealth creation alongside a rising
trend of intergenerational wealth transfers.”
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