Awards for Distinction 2023 – Best Private Bank – Global Indians

Best Private Bank Global Indians

 

Julius Baer

Best Private Bank – Global Indians

Rahul Malhotra

Member of the Executive Board, Julius Baer Group Ltd and region head emerging markets, Bank Julius Baer

It is a great honour to be recognised as Best Private Bank – Global Indians for the fourth consecutive year. This remarkable achievement is a testament to our team’s unwavering commitment to excellence and our continuous focus on delivering the best wealth management solutions for our clients.

Through a dedicated and rich history of serving the Global India market, our bank has consistently demonstrated innovation with a client-centric approach, catering to our global Indian clientele.

Reinforced by this recognition, we will continue to provide bespoke financial solutions by seamlessly integrating our global expertise with an in-depth understanding of the Indian market, as we seek to meet the increasingly sophisticated demands of our Global India clients.

What was behind the judges’ decision?

  • Last year, Julius Baer inaugurated new offices in New Delhi and Mumbai and expanded its presence onshore to seven cities, including Hyderabad and Pune, with plans for further expansion into Jaipur, Ahmedabad, and Goa. The Swiss pure-play bank also increased its workforce by hiring more relationship managers to enhance its onshore as well as offshore business, where it has a presence in four NRI markets: the Middle East, Africa, Europe, and Asia
  • The Julius Baer Equity India Fund, which gained significant assets during the two-week seeding period, is new on the product shelf. The bank also introduced its first Julius Baer Alternative Investment Fund investing in India’s growth story. Furthermore, there is growing interest in advisory mandates. In 2023, Julius Baer expanded its initiatives to launch the Julius Baer Academy India and extended its Young Partners Programme to global Indian clients around the world.
  • The bank showcased real-life client case studies demonstrating its delivery of end-to-end products and solutions to UHNWIs with complex cross-border wealth management needs. Its next phase of growth will include further advancing its platform in the line of e-banking solutions, seamless account opening, and access to e-trading

What we said

“Julius Baer’s global Indian business is a prime example of effectively linking clients both onshore and offshore. This is particularly noteworthy in an immensely thriving economy generating a substantial number of super-rich individuals,” said Audrey Raj, senior consultant and South Asia editor of Asian Private Banker.

“Despite facing challenges in a competitive market, Julius Baer is successfully navigating the wealth management business while incorporating local flavours into its product offerings and providing tailored wealth planning services. All of this positively contributes to business numbers, with recurring revenue and net new assets increasing continuously.

“The team has achieved two successful years of its five-year transformation strategy, aiming to expand its onshore wealth management business further while reaching new highs in NRI outreach. These elements were pivotal in awarding Julius Baer the Best Private Bank – Global Indians award. The judging panel at APB extends congratulations to all for this well-deserved recognition.”

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