Major NRI Push for Merrill With 14 EMEA Hires

Stephen Harris

25 September 2007

Merrill Lynch’s Global Wealth Management group has appointed 14 new hires across the Europe, Middle East and Africa region as part of a continued strategy to strengthen its non-resident Indian business. Vinod Tailor has been appointed as business development manager for GWM NRI in London. He will focus on the promotion and sponsorship of events catering to the NRI market and maintain close strategic ties with key clients. He joins from Citi where he held a similar position and was instrumental in the development of the NRI business. In addition, 13 senior and experienced financial advisors have joined the team to service the Indian high net worth individuals segment. In Geneva, Khatija Ali Khan, previously at Deutsche Bank, and Wendy Woodward, who comes from Turicum Asset Management, have joined the NRI team. In London, Chetan Shah has joined the NRI team from Barclays along with Amit Banthiya, previously with ICICI Bank. Imran Hameed formerly of Deutsche Bank, and Mustafa Bilal, who comes from Credit Suisse, are also now part of the London team. In Dubai, Ravi Goyal and Nilesh Mashruwala, who come from Citibank, and Charudutta Joshi, who comes from ICICI bank, have been hired. They are joined by Manish Samel, Shampi Chopra, Mujtaba Moyene and Bikash Dalmia. Mr Samel comes from Union National Bank in Dubai while the rest were formerly of ABN Amro in Dubai. “The 14 new hires in London, Dubai and Geneva mark a ramp-up in our growth strategy and clearly demonstrate the importance we place on our non-resident Indian clients. We have added these experienced and knowledgeable financial advisors to provide increased market coverage, enabling high and ultra high net worth NRIs to gain access to the global capabilities of Merrill Lynch and a robust platform to manage their wealth,” said Inderjeet Hora, market director for NRI business EMEA.