Swiss wealth manager Julius Baer announced the hiring of Sanjay Advani from UBS and Nisar Sindhi from JPMorgan to support business growth and regional expansion of the global NRI market out of Dubai.
Nisar Sindhi joined as a Managing Director, Senior Advisor, and Senior Relationship Manager and Sanjay Advani joined as Managing Director and Team Head of Global NRI Dubai along with a team of Relationship Managers including Dhruv Achtani and Hitesh Bhatia, Julius Baer said in a media announcement.
Kunal Sumaya, Head Global NRI, said these strategic hires signal the firm’s growth ambitions for the global NRI business as it sets to expand its positioning in this fast-paced market environment.
“The UAE as a location is of great importance to us as it serves as key link in the GCC-India corridor offering seamless interconnectivity between NRI and Onshore India client segments.
“As we strive to offer superlative service to our clients, it becomes more important than ever to source and retain the best talents out there,” he said.
Tarun Jalali, Group Head of Global NRI Dubai said the firm already has a well-established team Global NRI in Dubai, servicing the unique needs of our non-resident Indian community across the Middle East.
“I am confident that our latest hires with their proven track record and a robust network will add value to our clients and help us in further growing our business in the region,” he said.
Sanjay Advani is a seasoned private banking professional with a career spanning 27 years across UAE, Singapore & India, while Nisar Sindhi has over 30 years of experience in the wealth management industry, 13 years of which have been with JPMorgan Private Bank in Dubai.
Julius Baer’s move to rope in some of the industry leaders in the business segment comes at a time when global private banking firms have been adding staff in the Gulf to cater to a growing number of wealthy clients who’ve flocked to the region.
Banco Santander SA is reportedly boosting private banking operations in Dubai, while HSBC Holdings Plc added 100 bankers in the region last year amidst the influx of global rich into the UAE and the region.
The UAE alone attracted some 4,500 new millionaires last year, according to consultancy Henley & Partners.
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