Word: sharma
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...reducing taxes, setting up a low-risk-high-return hedge-fund portfolio, investing in emerging-markets property or establishing a charitable foundation. "The profitability comes in because the client has many different relationships with the bank in terms of private equity, real estate, trusts and stockbroking," explains Deepak Sharma, chief executive of Citigroup's global wealth-management arm for Asia and the Middle East. "This relationship is very deep and very broad." It can also be very close-knit, going beyond the nuts and bolts of standard personal finance. Citigroup Private Bank and UBS host wealth-management training sessions...
...roughly 15% a year, according to BCG. Much of the activity is now focused in Bombay, but Citigroup, for one, is planning for rapid expansion in other key Indian cities, too. "You need to be on the ground in Calcutta or Delhi to offer domestic products," says Citigroup's Sharma. In the next three to five years, he aims to have as many as 100 offices and roughly 1,000 employees across India, up from about 100 employees in the private-banking operation today. The next generation of private bankers had better learn fast. Asia's burgeoning band of millionaires...
...reckoned with. Gita Varughese Mississauga, Canada Your report on the Indian economy presented a rosy picture. But not only is there a growing disparity between rich and poor, there is also an increase in deforestation and pollution of rivers, groundwater and air, which could lead to environmental collapse. Ravi Sharma Calgary, Canada I thoroughly enjoyed your cover story on the rapid changes in India. As an Indian living in England, I often wonder what the true cost of this economic boom is, especially the impact on Indian values and culture. Extended families are becoming fragmented, the young have little pride...
Mather: Hana R. Alberts, HeeWon Lee, Qicheng Ma, Robert H. Michelassi, Eric S. Nguyen, Daniel J. Obus, Prashant P. Sharma, David W. Simmons-Duffin, Hasuk F. Song, Inna I. Zakharevich...
...developments seem impossibly far removed. India requires first the basics of life and then transparency and accountability in local and national government. As Perry writes, it will take generations before India's becoming a nuclear power has any relevance for what the ordinary Indian calls the real world. Iona Sharma Formby, England...