Citi India announced today the appointment of Sameer Kaul as the Head of its Private Bank. Launched in 2005 in India, Citi Private Bank (CPB) has grown to be one of the leading wealth managers in India. Globally, CPB has US$217 billion of assets under management, serving more than 26,000 clients, including one-third of world’s billionaires.
His expertise in client servicing, product management and experience will further strengthen the business and prove to be an asset in growing our India franchise – Pramit Jhaveri, CEO Citi India on Sameer Kaul
Citi Private Bank India provides be-spoke private banking services to high net worth individuals and families. It offers Clients access to a gamut of products such as investment products, finance against residential and commercial real estate, family office services and trust and succession planning solutions. The Citi Private Bank also works collaboratively with the Commercial Bank to provide commercial banking solutions business owners. Revenues in the Private Bank in 2011 doubled over 2009 while business footings grew 2.6 times during the same period.
Most recently, Sameer was the Head of Retail Branch Banking business in India where he ran Citi’s network of 42 branches spanning across 30 cities and was responsible for Commercial Banking and Wealth Management distribution business originating from the Bank’s branches. He has 17 years of experience with Citi having joined as a Management Associate in 1995 and has held various roles in Operations, Product Management, Insurance Distribution, Mortgages and Commercial Banking.
Sameer has an MBA from the University of Illinois and a Bachelors degree in Economics from Delhi University.