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Credit Suisse Signals NRI Market Momentum
Editorial Staff
7 December 2021
Asia-Pacific, and we are continuing to build up our management bench strength to capture the vast opportunities in this market,” according to a memo signed by Balakrishnan Kunnambath, market group head for Indian Subcontinent and NRI Asia-Pacific. The NRI market is an important battleground for a range of banks. Last June, Julius Baer said that its Julius Baer Wealth Advisors (India) business had brought in a six-person team of advisors to ramp up coverage of the country and the non-resident Indian (NRI) population. Citi Private Bank, for example, has cut some of its EMEA and Asian consumer banking businesses, but is devoting some of the freed-up resources to tap into the market for wealthy NRIs, and other wealthy clients.