DSP Merrill Lynch has appointed Pradeep Dokania and Atul Singh to new positions within its India wealth management business as it seeks to strengthen its offering.
DSP Merrill Lynch, the Indian subsidiary of Bank of America Merrill Lynch, has appointed Dokania chairman of global wealth and investment management (GWIM) for India, making him responsible for setting the direction for the business and for maintaining and winning clients.
Dokania, who is currently head of India advisory, continues to be a member of the India country leadership team. He is a DSP Merrill veteran with 23 years' experience at the firm. He has also earlier been head of investment banking at DSP Merrill.
Singh will take over Dokania's current job as head of India advisory and will also be promoted to become a member of the India country leadership team. He takes on responsibility for planning, managing and executing the strategic direction and initiatives of the wealth management business in India and also takes charge of DSP Merrill's financial advisers. Singh is currently head of strategy for Asia-Pacific wealth management, based in Singapore. He will relocate to Mumbai for his new role.
In India, DSP Merrill has both an onshore and offshore platform to provide clients with wealth management planning, advice and execution. Services offered by GWIM include investment advisory, broking and depository. Its clients span high-net-worth individuals, non-resident Indians, private and charitable trusts as well as private companies.
