Swiss Private Bank Julius Baer India Moves into New Office in New Delhi at Worldmark 2 Aerocity, India is 3rd Largest Economy in Asia with $3.7 Trillion GDP, $600 Billion Wealth Sector, 3 New UHNWs Clients Created Daily
20th July 2023 | Hong Kong
Swiss private bank Julius Baer India has moved into a new office in New Delhi at Worldmark 2 (Aerocity), with the new office located in a prime location and the office equipped with energy-saving features (Long-Term Sustainability: advanced infrastructure, central water points, reduced plastic consumption). The Julius Baer India (New Delhi) office serves clients in the Delhi NCR region and North India. India is the 3rd largest economy in Asia with $3.7 trillion GDP (China, Japan, India), with India wealth sector valued at around $600 billion, and 3 new UHNWs (Ultra high net worth, > $30 million) clients created daily in India. Julius Baer: “Julius Baer currently employs over 200 professionals and maintains a pan-India network with a presence in seven key cities. The firm aims to double its headcount and triple its assets under management (AUM) in India within the next five years. To add innovation and diversification to its existing product offerings for High Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNIs), Julius Baer has recently applied for an Alternate Investment Funds (AIF) license.” At the end of 2023 April, Julius Baer manages $498 billion (CHF 429 billion) Assets under Management (AUM).
“ Swiss Private Bank Julius Baer India Moves into New Office in New Delhi at Worldmark 2 Aerocity, India is 3rd Largest Economy in Asia with $3.7 Trillion GDP, $600 Billion Wealth Sector, 3 New UHNWs Clients Created Daily “
Rahul Malhotra, Julius Baer Head Private Banking Global India & Developed Market: “Every day, India welcomes nearly three individuals who join the ultra-high net worth individuals (UHNIs) club, with net worth in excess of USD 30 million. As the number of millionaires in the country continues to grow rapidly, Julius Baer India will take this opportunity to extend our footprint. Our move to this cutting-edge office space is testament to our commitment to India and we are focused on delivering best-in-class wealth management solutions to our clients. Our comprehensive range of managed solutions include discretionary portfolio management and wealth planning services to sophisticated clients across North India—a critical market for the firm.”
Umang Papneja, Julius Baer CEO India: “India’s wealth sector is valued at USD $600 billion and growing at a rate of 12% annually, yet only a quarter of this wealth is professionally managed. We are delighted to embark on this new chapter for our firm in India to access this opportunity. Located in a prime district, our new office in New Delhi offers excellent connectivity and enables us to establish even closer connections with our clients. With an expansive layout, the new premises provides an exceptional environment for collaboration, allowing us to come together to deliver an unparalleled and personalised experience to our valued clients. This modern workspace also offers an optimal setting for fostering innovation and creativity, and allows us to work on establishing a new standard of excellence within the wealth management industry.”
Swiss Private Bank Julius Baer India Moves into New Office in New Delhi at Worldmark 2 Aerocity, India is 3rd Largest Economy in Asia with $3.7 Trillion GDP, $600 Billion Wealth Sector, 3 New UHNWs Clients Created Daily
About Julius Baer
Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. In all we do, we are inspired by our purpose: creating value beyond wealth. At the end of April 2023, assets under management amounted to CHF 429 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks. Julius Baer is present in around 25 countries and over 60 locations. Headquartered in Zurich, we have offices in key locations including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore, Tel Aviv and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.
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