The latest moves, appointments and personnel moves in the Asia-Pacific wealth management market.

Sumitomo Mitsui Banking Corporation
Tokyo-headquartered Sumitomo Mitsui Banking Corporation has appointed Sridhar Srinivasan as the newly-established transaction banking chief operating officer, with immediate effect.

Based in Singapore, Srinivasan will oversee and strengthen end-to-end transaction banking capabilities and be responsible for driving initiatives on client experience and operational excellence. He will work with Shinichiro Yamazaki, head of the global transaction banking department for Asia-Pacific, and partner IT and operations.

Srinivasan has worked for more than two decades in financial services, including Citigroup, Standard Chartered and Accenture.

Klay Group
Klay Group, a boutique financial services firm, has appointed Nikita Jain (pictured) as managing direct and deputy CEO to join the leadership team of its India business, Klay Wealth. 

Previously, Jain was at JP Morgan for 17 years, where she worked in FX and fixed income sales, M&A, and capital markets. She was instrumental in driving business growth for a diverse client base, including global multinationals and prominent domestic corporations, consistently demonstrating a proven track record of delivering excellent business outcomes. Jain began her career in M&A advisory, building a strong foundation in analytical rigour, before transitioning into fixed income sales. She holds an MBA from the Indian Institute of Management, Ahmedabad, and a bachelor of engineering degree from NSIT, Delhi.

“We are thrilled to welcome Nikita Jain, an executive of exceptional calibre, as our deputy CEO to drive growth and strategic excellence across the organisation," Ian D'Souza, CEO of Klay Wealth, said. "Her profound global markets expertise and proven leadership are perfectly aligned with our commitment to delivering sophisticated, cross-border solutions for our clients."

Klay Group, which has offices in Dubai, India, Singapore, London, and Australia, provides wealth management, multi-family office, asset management and corporate advisory services to ultra-high net worth families and corporate and financial institutions.