Sarasin Alpen names Shiv as MD for India ops

By Agencies

Sarasin Alpen (India) named Shiv Khazanchi as its Managing Director to head its India operations.

Shiv Khazanchi will be based out of Sarasin Alpen's New Delhi office. In addition to his responsibilities as Head of Sarasin Alpen, India, Shiv Khazanchi will also oversee the operations of Alpen Capital India Private Limited, the investment banking associate of Sarasin Alpen.

The Sarasin Group is incorporated in the Middle East and India as Sarasin Alpen. Its operations were launched in India in July 2009 with offices in Mumbai and New Delhi. Sarasin Alpen (India) Private Limited is registered as a Non Fund Based Non Banking Financial Company" (NF-NBFC) and provides financial advisory and consultancy services to wealthy private clients in India and distributes select prime third-party products such as mutual funds.

Fidelis M. Goetz, Head of Private Banking, Bank Sarasin & Co. Ltd, Switzerland, "India is a high priority market for the Sarasin Group and as such nothing is more important than securing best-in-class leadership for our operations there. The appointment of Shiv Khazanchi to steer our India operations signals the strength of our commitment to India and will enable us to strengthen further our position in the country."

Rohit Walia Executive Vice Chairman & CEO - Bank Sarasin-Alpen Group - Middle East and India, "Our presence in India was launched one year ago and has had a promising start. We are particularly pleased to welcome Shiv Khazanchi on board and are confident that he will play a significant role in expanding our India operations."