deutsche-hires-bagga-to-lead-private-banking-in-india

Deutsche hires Bagga to lead private banking in India

Ajay Bagga becomes head of Deutsche's private wealth management business in India, replacing Nikhil Kapadia who will oversee business development for onshore private wealth businesses in the region.

By Lara Wozniak

January 15, 2009

In a move that strengthens Deutsche Bank's private banking franchise in the region, the German bank has appointed Ajay Bagga, the former chief executive of Lotus India Asset Management, as head of its Indian private wealth management business.

Bagga, who started at Deutsche on Wednesday, left Lotus late last year after the money manager was sold to India's Religare Enterprises, part of the Ranbaxy group. He has more than 20 years of experience in financial services. Bagga started his career at Citi and moved into the funds management industry with Pioneer. Before he joined Lotus he was CEO of Kotak Mahindra AMC.

Bagga replaces Nikhil Kapadia who is moving to Singapore where he will...

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