These top-level appointments will enable the Liechtenstein-based LGT Group to strengthen its Asia presence by building its business in India.

LGT Wealth India, part of the Liechtenstein-based LGT Group, has hired three senior bankers to bolster its business in the country.

Nikhil Advani joins as managing director – international business, Nimish Shah as managing director – family office & portfolio analysis, and Gautam Sewani as managing director – private clients (pictured left to right).

The Indian operation was set up in September 2022, and the new hires have been made to meet the growing demand in wealth management from family offices as well as high-net-worth individuals there.

In a company release, Atul Singh, managing director and chief executive officer of LGT Wealth India, said that these senior hires would help sharpen the competitive edge of the firm.

All three recruits have over two decades of experience. Advani was previously with Bank of Singapore, having worked at its Singapore, Middle East and India branches. Prior to that he was at Citibank and Merril Lynch.

Shah’s experience spans across capital markets, cross-asset classes, investment products and platforms in India. He has worked at Citibank, State Bank of India, BNP Paribas Wealth Management and joins from Waterfield Advisors, where he served as chief investment officer.

Previously with Kotak Wealth Management, Sewani was responsible for driving the distribution and advisory business for the north and east zones. He has also managed large branches of Citibank and HSBC in Delhi and Mumbai for nearly a decade.

Besides these hires, LGT Wealth has also expanded its team. ‘We have also onboarded senior relationship managers in Delhi, Gurgaon, Ahmedabad, Hyderabad, Bangalore and also in some of the tier 2 and tier 3 cities like Kochi, Salem, and Dehradun to help expand our network coverage,’ Singh said.

With the foray into the Indian wealth management market, the LGT group said that it is further strengthening its Asia presence. It currently has offices in Hong Kong, Singapore and Thailand.

During its launch last year, HSH Prince Max von und zu Liechtenstein, LGT chair, said that firm is a private, family-led company that always valued long-term collaboration over short-term growth.

‘Combining the expertise of a global private bank with an experienced and tenured India specialist team, we are committed to supporting our clients in India and generating long-term sustainable value,’ he added.