Merrill Lynch expands non-resident Indian coverage

The bank strengthens its non-resident Indian coverage poaching more Citibankers to join Rahul Malhotra.

Merrill Lynch has hired two veteran Citigroup employees to beef up its global private client non-resident Indian NRI business. The pair joins Rahul Malhotra who recently made the switch to Merrill Lynch from Citi.

Inderjeet Hora joins Merrill as market director of the European and African NRI markets, based in London. Hora will build this business in those geographies. Hora was with Citigroup for 17 years, most recently as segment head for high-net-worth clients. He has had a stellar run...

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