The move reflects the increased complexity and internationalisation of private wealth.

Monaco-headquartered Azura Partners, a wealth management firm, has appointed Amit Mehta (pictured) as partner to support the firms’ expansion into the Non-Resident Indian (NRI) market and globally mobile ultra-high net worth client segments

Based in Geneva, Mehta will be advising NRI clients and their families, the firm said in a statement on Friday. He will work alongside a team of four from Deutsche Bank, who bring experience of advising NRI and emerging markets clients across multiple geographies.

This marks the next step in building a global offering at Azura Partners in response to the increased complexity and internationalisation of private wealth. NRIs represent a growing pool of wealth, often spanning India, the Gulf, Europe and Africa. This is a client base that requires an international approach, supported by teams that understand how to manage clients whose affairs cover multiple jurisdictions, asset classes and structuring requirements, rather than having a single-market perspective.

“Today’s ultra-high net worth individual lives and invests as a global citizen,” said Ali Jamal, founder, chairman and CEO of Azura Partners. “Non-Resident Indian clients represent one of the most internationally-connected client groups today. Amit’s appointment, alongside the team joining him, reflects our commitment to building a truly global platform.”

Mehta will work with the wider Azura Partners team across their locations including Geneva, Dubai, London, New York, Miami, Monaco and Singapore with his immediate team based between Geneva and Dubai. This model enables Azura Partners to provide global coverage, aligned with the needs of clients whose activities span time zones, jurisdictions and asset classes.

Alongside NRI clients, Mehta and his team bring experience gained in East and West Africa, another region seeing rapid wealth creation and increasing internationalisation.

Azura, which was created in 2019 by former Julius Baer banker Ali Jamal, serves ultra-high net worth and HNW individuals, entrepreneurs and single-family offices. Lunate, an Abu Dhabi-based investment firm which has more than $110 billion in assets under management, also recently took a stake in the firm.