Barclays Wealth, the wealth management division of Barclays PLC, announces the appointment of Mr. Shajikumar Devakar as Director in Bengaluru, India. Mr. Devakar, who has more than 12 years of experience in financial services will be responsible for developing and servicing high net worth clients in Bangalore and the region. In addition he will also manage a team of private bankers in the region and will lead the business development initiatives. In this role, he reports to Mr. Vishal Jain, Managing Director, based in Mumbai.
Mr. Devakar has worked with organizations like HDFC Bank, Citi, HSBC and Deutsche. Before joining Barclays, Mr. Devakar was Director at Deutsche Bank in Bangalore.
Mr. Devakar is a post graduate in Business Administration from St. Joseph’s Bangalore and a post-graduate in Sales & Marketing from National Institute of Sales, Bangalore.
Vishal Jain, Managing Director, Barclays Wealth India says, “We continue to be successful in hiring talent across the industry particularly from corporate and investment banking. As we further expand our team to cover the ultra high net-worth space, which is dominated largely by promoters in the large- and mid-cap segment, I am confident that Shajikumar’s appointment will further drive the expansion of our best in class coverage team.”
Satya Bansal, Chief Executive of Barclays Wealth India says, “Shajikumar’s appointment will add depth to the senior client management team covering the South India market, and he will be an integral part of the planned expansion of our high net worth proposition across India.”
Barclays Wealth launched its business in India in 2008, offering wealth management to the country's growing segment of high net-worth families. Across India, Barclays Wealth has offices in Mumbai, New Delhi, Bangalore, Chennai and Kolkata.
