SG builds India private banking franchise

Based in Singapore, Kunnambath will focus on providing investment products to India’s rapidly growing high-net-worth customer base. SG has been looking to build its market share in India following the acquisition of a 37% stake in an asset management joint venture with the State Bank of India last year.

Kunnambath was previously at ABN Amro in Dubai, where he was head of private banking, United Arab Emirates, and global head of subcontinent private clients. At SG, he reports to Daniel Truchi, Singapore-based chief executive of SG Private Banking (Asia-Pacific).

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