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Mumbai, May 28 ICICI Bank will now offer global investment options to high networth clients who have an investible surplus of over $1 million. The bank will now offer a dedicated service to its Indian and overseas private banking clients.

Mr V. Vaidyanathan, Executive Director, ICICI Bank, said the bank had tied up with several global financial majors such as Citigroup, Merrill Lynch and Societe Generale for offering them customised and structured products.

The bank, which started offering private banking services four years ago, has around 2,500 clients and around 250 relationship managers. “In the next one year, we plan to add 1,000 clients and a 100 relationship managers,” Mr Vaidyanathan said.

The bank’s assets under management in the private banking segment stand at around $26 billion. Of this, around $19 billion comes from Indian clients with the balance being contributed by overseas customers.

More Stories on : Private Banks | NRIs | New Products & Services | ICICI Bank Ltd

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