Finsamudra Desk2mo ago

DBS Bank names Nitin Chengappa to lead its India wealth business

The veteran banker takes charge of DBS Treasures as competition for affluent and high-net-worth customers intensifies.

DBS Bank has appointed Nitin Chengappa as Managing Director and Head of DBS Treasures Business & Wealth Management for India, strengthening its leadership team as competition inten — Image: Finsamudra LinkedIn archive

DBS Bank has appointed Nitin Chengappa as Managing Director and Head of DBS Treasures Business & Wealth Management for India, reinforcing its leadership as competition sharpens in the country's fast-growing wealth-management market.

Chengappa brings nearly three decades of banking experience, having held senior roles at Standard Chartered, HSBC and ABN AMRO Bank N.V. His appointment reflects a broader pattern of banks investing in experienced leadership to capture the affluent and high-net-worth segment.

Why it matters

India's wealth-management industry is expanding on rising incomes, greater financial awareness and demand for personalised advice, pushing banks to build out affluent banking, relationship-led advisory, digital wealth platforms and holistic planning. The appointment is another sign that wealth management is becoming a strategic growth pillar for banks in India, not a side business.

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Finsamudra Desk7 Aug 2026, 8:45 am IST

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