Royal Bank of Scotland yesterday announced the appointment of Shiv Gupta as the head of its private clients business in India.
He will be responsible for the entire private banking business in India, which was acquired when RBS bought ABN AMRO last year.
Gupta's previous role was at RBS Coutts where he was in charge of the bank's private banking business in Thailand as well as the non-resident South Asian business in Southeast and North Asia. For this role he was based in Singapore and is one of the founding members of the business's South Asian team.
Gupta will head a team of around 60 staff, 30 of which are private bankers, working in five different offices in India. "With its unprecedented level of wealth creation in recent years, India today is home to one of the world's fastest growing high-net-worth populations," says Gupta. "I am excited to return to India after spending a number of years abroad and equally delighted to be part of a fast-growing business in India."
Gupta will replace Paul Davies who is moving to Hong Kong to become branch manager of RBS's private bank in the city while also trying to make inroads with a private banking business in China.