Julius Baer Targets 2x India Growth in 5 Years as Offshore Wealth Allocation Rises
Updated
Updated · BusinessLine · Aug 17
Julius Baer Targets 2x India Growth in 5 Years as Offshore Wealth Allocation Rises
2 articles · Updated · BusinessLine · Aug 17
Summary
Julius Baer plans to double its India business within five years, expanding beyond major metros through a hub-and-spoke model anchored by Mumbai and smaller hubs such as Pune, Jaipur, Bengaluru and Chennai.
300 employees across seven Indian cities are set to be supplemented as the bank chases wealth creation spreading into smaller markets and deeper client coverage outside traditional urban centers.
10-15% of wealth is now typically held offshore by Indian clients, up from 5-7% four to five years ago, with some families allocating as much as 20%, strengthening demand for Julius Baer’s cross-border offering.
18 months of weaker equity returns have pushed high-net-worth investors toward more balanced portfolios, lifting interest in fixed income, REITs, InvITs, structured products, private credit and other alternatives.
CHF 547 billion in global assets under management gives Julius Baer scale as it courts resident Indians seeking overseas diversification and NRIs looking to invest back into India.