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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