Merrill Lynch Drives NRI Investments

Tuesday, January 16, 2007

Leading wealth management, capital markets and advisory company Merrill Lynch announced two key appointments to further its NRI business. As an investment bank and global trader, the company has ambitious plans for tapping wealth locally, and from the 25 million-strong NRI clientele overseas.

Developing the Europe and African markets from London will be Mr. Inderjeet Hora as Market Director, Global Private Client (GPC) NRI division. With 17 years of experience in Citigroup, Mr. Hora has dealt with high net worth clients in Europe, and is expected to rope in quantum business for Merrill Lynch.

Aseem Arora’s appointment as Market Managing Director will focus on the Asia Pacific market. Based in Singapore, Mr. Arora will be zooming in on NRIs in the city and Hong Kong. His experience of 14 years with Citibank Singapore in the NRI division will strengthen the business strategies for Merrill Lynch.

Rahul Malhotra, heading the company’s GPC NRI business says these and other appointments made by the company for Dubai and UK will comprehensively cover the potential investment wealth of NRIs residing in these countries. The company has a fast paced growth plan for the next 5 years.

Merrill Lynch, with offices in 37 countries and client assets worth $1.5 trillion, has an interesting array of products and services to meet the requirements of NRI investors. Its expertise in wealth management and consultancy services to corporations, governments, institutions and individuals’ world wide would support the NRI’s search for rewarding investments.

Photo: Banknote (AM 2004.35.4-1) by Japanese Government, licensed under CC BY 4.0, via Wikimedia Commons.