DBS hires ex-Standard Chartered banker to lead India wealth business

DBS has named Nitin Chengappa, antecedently with Standard Chartered, to tally its wealthiness operations successful India.

Bloomberg sources said Chengappa joined successful July and reports to Ambuj Chandna, who oversees user banking for DBS successful India.

DBS Bank India told the quality work that Chengappa joined arsenic managing manager and caput of its Treasures concern and wealthiness management.

According to his LinkedIn profile, Chengappa worked for astir 10 years astatine Standard Chartered successful India, astir precocious arsenic caput of affluent organisation and subdivision network. Before that, helium spent much than 10 years astatine HSBC.

DBS expanded its beingness successful India successful 2020 done the takeover of Lakshmi Vilas Bank, marking the archetypal juncture connected which Indian authorities relied connected an overseas slope to rescue a troubled home lender.

Last year, DBS Bank India named Rajat Verma arsenic main enforcement officer, with effect from 1 March 2025. He succeeded Surojit Shome, who retired connected 28 February 2025.

Verma has adjacent to 30 years of banking acquisition crossed user and firm banking, sustainable concern and SME banking. Since arriving astatine DBS successful mid-2023, helium has led the IBG division, broadening lawsuit ties and moving into further concern segments.

Earlier successful his career, Verma was managing manager and state caput of commercialized banking astatine HSBC India.

Last month, DBS disclosed plans to unfastened 18 wealthiness centres crossed Asia by the extremity of 2027, portion besides refurbishing 36 existing locations implicit the adjacent 18 months.

Those additions and upgrades are planned for Singapore, Hong Kong, mainland China, India, Indonesia and Taiwan.

"DBS hires ex-Standard Chartered banker to pb India wealthiness concern " was primitively created and published by Private Banker International, a GlobalData owned brand.