Axis Bank On Hiring Drive As India’s Wealth Growth Continues

Axis Bank to add 50 private bankers to expand wealth management operations

India-based Axis Bank is reportedly planning to recruit 50 private bankers as part of its strategy to expand its wealth management operations.  This move is driven by the increasing number of high-net-worth and ultra-high-net-worth individuals in India, reported Bloomberg.  The bank’s private banking division, Burgundy Private, currently employs around 250 bankers, according to the latest annual report.  Burgundy Private manages around Rs2.5tn (…

Axis Bank On Hiring Drive As India’s Wealth Growth Continues

As the drive to recruit more talent continues, it is a reminder that India is seeing something of a battle for experienced bankers who are able to serve a rising, and increasingly prosperous, middle class. India’s Axis Bank is hiring 50 senior private bankers and plans to launch investment funds from Gujarat International Finance Tec-City (GIFT), the new financial hub in the country, taking advantage of a rise in India’s affluent populati…