Bank J. Safra Sarasin has appointed Yelandur N. Nagendra as deputy chief executive, Asia.
In this newly created role at the Swiss bank, Mr Nagendra will report to Enid Yip, chief executive, Asia.
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The private bank veteran was previously at Bank of Singapore (BoS) as managing director, global head of India sub-continent, Middle East and Africa, overseeing a team of 105 based in Hong Kong, Singapore, Dubai and London. He was also alternate chief executive, Hong Kong branch, and sat on the Bank of Singapore’s global management committee.
Mr Nagendra had worked at BoS since 2002 (BoS was created in 2010 when OCBC acquired ING Asia Private Bank). He joined BoS from Rabobank with a mandate to build a team serving the India diaspora, commonly referred to as the Non-Resident Indian (NRI) market. He was previously a senior vice president and head of NRI for Hong Kong and Singapore at Rabobank.
Ms Yip said: "We are proud that Nagendra has chosen to join J. Safra Sarasin. He is an industry veteran with a superb reputation not only for client focus, but for building a business based on his ability to bring that focus to a leadership role. Nagendra will be a great asset as we expand in Asia."
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