The firm, which is streamlining its organisational structure after CIO Sandeep Malhotra quit, expects a peak in inflation and foresees opportunities in India’s equity market.
Compared to debt problems facing Europe and the US, emerging-markets inflation is a cyclical issue that is relatively easily resolved, reflects Sandeep Malhotra of Clariden Leu.
The Swiss private bank installs five senior staff to cover the India subcontinent and NRIs out of Singapore. It's the first time the bank has had a dedicated India team in the region.
As renminbi liberalisation continues, Clariden Leu is considering applying for a banking licence in Hong Kong, alongside Julius Baer and other wealth management firms.
Clariden Leu's hire of its first head of European market and external asset managers in Asia reflects a growing trend for Europeans to book assets in Singapore.