RETAIL BANKING | Staff Reporter, Singapore

Deutsche Bank hires new managing directors for its wealth management Global South Asia business

Rasik Ahuja, Sagar Sapra, and Swapnil Mishra are the three new managing directors.

All of them are Singapore-based relationship managers dedicated to cover Non-Resident Indian (NRI) clients as part of the bank’s Global South Asia (GSA) business.

Rasik Ahuja joined on January 16, 2018 from UBP where he was desk head – NRI & South Asia since 2014. Sagar Sapra joined on January 2, 2018 from Standard Chartered Bank where he was principal director since 2011. Swapnil Mishra joined on December 4, 2017 from BSI Bank where he was deputy head of GSA business for eight years.

Amrit Singh, head of WM coverage, GSA, said, “Deutsche Bank WM continues to see very strong business momentum in the NRI segment. Rasik, Sagar and Swapnil have decades of private banking experience and proven track records as senior bankers in the business, and we welcome them as they join our exciting growth journey.”

Relocated to Singapore from London in September 2017 in order to best support the business growth plan in Asia, Singh added that the NRI business is well backed by Lok Yim, Head of WM APAC who announced last year the regional plan to invest in both talent and technology.

Singh said that in the first quarter of this year there will be another 10 hires at various levels of seniority joining the team in Singapore and Dubai, which is another growth hub of the GSA business.

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