Posted inPeople MovesNews

J Safra Sarasin names new Singapore CEO, adds RMs

Bank J Safra Sarasin has appointed Vinay Gandhi as CEO of its Singapore branch, replacing Benedikt Maissen, who left the bank in early January, according to the bank's spokeswoman.
J Safra Sarasin names new Singapore CEO, adds RMs

Gandhi, who assumed his new role on 26 January, will continue with his responsibilities as CEO for UHNW Asia division, a role which he assumed when he joined the bank in March 2017. He will continue to report to Enid Yip, the bank’s Asia CEO, according to a statement from the firm.

Besides his appointment, the bank also added 25 new relationship managers for the UHNW Asia division, the firm said.

“We continue our strategic expansion in Asia while maintaining our long-term, prudent approach,” Yip said in the statement.

Gandhi has 26 years of wealth management experience in Asia. Before he joined the bank, he was managing director and regional market manager for UHNW for Southeast Asia at UBS, according to the statement. In that role, he led a team of 150 people based in Singapore and Hong Kong, serving UHNW clients in the region, primarily in Malaysia, the Philippines and Thailand.

Prior to joining UBS in 2010, Gandhi was managing director and head of South Asia for Deutsche Bank’s private banking division in Singapore. He also held senior roles at Citigroup Private Bank and Commerzbank in Asia.

J Safra Sarasin manages $167bn in client assets, according to the statement. It has 25 locations in Europe, Asia, the Middle East and Latin America. Its two Asian offices are in Singapore and Hong Kong. At the end of 2016, the AUM of the bank’s Asia business was around $17bn, or 10% of its global AUM, according to the bank’s 2016 annual report.

Part of the Mark Allen Group.