Based in Singapore, Ranjit Khanna will be responsible for growing the private bank’s client base of south Asians and NRIs across Asia and the Middle East.

Nick Pollard, chief executive of RBS Coutts Asia, said: “We established the NRI business a decade ago; and over the years gained an in-depth understanding of the needs of our clients in this segment.

“That business has grown rapidly, and today the NRI and South Asian business is among the most established in the region.

“Ranjit will play an instrumental role in taking the business to the next level, reinforcing our leadership position in the NRI space in Asia.”

Khanna, who was most recently managing director, private banking, at Bank Sarasin Alpen in Dubai, will report to Paul Davies, RBS Coutts South Asia head of private banking.

Last year, the bank lost around 90 staff from its Singapore business, with more than 70 of these, including former regional chief executive Hanspeter Brunner, joining Banca della Svizzera Italiana.
RBS Coutts has reportedly now replaced around 70% of this number and plans to continue to hire.

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