LGT Wealth India has made two former Credit Suisse hires, amid ongoing integration with UBS. 

LGT Wealth India has hired a chief investment office for fixed income and a portfoliomanagement director, according to a statement from the wealth manager.

Chirag Doshi joined the company as CIO – fixed income and Abhishek Modi has joined as director – portfolio management. Both are wealth management specialists that used to be at Credit Suisse, India.

Modi will report to Doshi, who in turn reports to Rajesh Cheruvu, managing director, and CIO of LGT Wealth India.

‘These inclusions to our already tenured product and research team will significantly bolster our asset management capabilities and initiatives,’ said Atul Singh, LGT Wealth India’s CEO. 

LGT Wealth India has more than 200 staff across 14 cities in the country. The India operation was set up in September 2022. At the start of 2023, the company hired three senior bankers, Nikhil Advani, Nimish Shah and Gautam Sewani, to bolster its wealth management coverage in India.

Amid a fragmented industry in India, the Liechtensteinian bank’s India unit’s proposition is to grow its business by taking on an ‘India-first strategy,’ the CEO, Atul Singh, told Citywire Asia, earlier this year. Singh said LGT Wealth India was targeting a 40-50% growth in AUM year on year.