Credit Suisse to double India private banking headcount
Credit Suisse is planning to double the number of private bankers in India from 50 to 100 over the next 12 months as global banks in the country bolster their presence in contrast to the cutbacks afflicting the industry in Western markets, according to a report in the Financial Times.
In a sign of the Swiss bank’s growing interest in India, Brady Dougan, group chief executive, visited New Delhi and Mumbai last week for three days of negotiations with cabinet ministers and industry barons.
Kai Nargolwala, chief executive of Credit Suisse Asia-Pacific, was quoted as saying in the FT report: “Most people in the institution see India as something that’s a little underweight just now that needs to be bulked up quickly.”
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