Tampi goes to Credit Suisse from HSBC

Credit Suisse creates a new role to boost its recently established Indian onshore wealth management business.
Credit Suisse has appointed Sai Tampi director and head of multi-asset class solutions (MACS) in India. His responsibilities in this newly created role will be to manage the MACS operations in India and to help the discretionary business of the bank's wealth management division to grow in the region. MACS, which is a part of Credit Suisse's asset management division, helps clients evaluate their investment strategies and optimise their portfolios.

The emphasis of Tampi's role is on building a new business since Credit Suisse's Indian onshore wealth management arm was only opened in May. Tampi will be based in Mumbai and will manage a small local team with support from Singapore. He will report to Alex Buerge, head of MACS Asia-Pacific and the Middle East, and regionally to Puneet Matta, the bank's head of wealth management in India.

Tampi joins from HSBC where he has been the head of portfolio management services for India since 2006. Before that he worked at Lehman Brothers in London.

Credit Suisse has been using the market downturn to add strength to its India team over the past few months, suggesting it sees the country as a key future market. It is also adopting a strategy of hiring people with current local experience rather than staffing up with transfers from other markets as some of its rival investment banks have done. The strategy ensures that the Swiss bank's hires hit the ground running, comments a banker.

In September Credit Suisse hired Pankaj Kalra from DSP Merrill Lynch as managing director in its India investment banking team. In August, it poached three investment bankers: Sughosh Moharikar and Samita Shah as managing directors from Kotak Mahindra and Lehman Brothers respectively, and Deutsche Bank's Ashim Ahuja as a director.
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