The latest moves in wealth management across Asia-Pacific.

Reliance Wealth Management
India-based Reliance Wealth Management, a subsidiary of Reliance Capital, has appointed Nitin Rao as its new chief executive, local media reports have said.

He will be responsible for growing the wealth management offering to high net worth individuals.

In this new role, Rao will report to Anmol Ambani, executive director at Reliance Capital.

Rao joined Reliance Wealth Management after 19 years at HDFC Bank, where he was executive vice president of private banking group and third party products.

This publication has contacted the firm and will update in due course.

Citi Private Bank

Citi Private Bank has appointed Simon Kastono as global market manager for Indonesia, taking up the role from 9 April this year, this publication reported yesterday. 

The US-headquartered firm confirmed that Kastono, who had been desk head for Indonesia at Bank of Singapore, had joined.

In his new position, Kastono reports to Jyrki Rauhio, South Asia head for Citi Private Bank, the bank said.