Barclays hires Malhotra as private bankers play musical chairs

Barclays Wealth has hired Vikram Malhotra, Jagdish Kale and Rohit Nanani for its Singapore office. All three join from UBS and will become part of Srinivas Siripurapu's team. Siripurapu heads Southeast Asia and South Asia and is also market manager for the British bank for the South Asian community.

Barclays poached Siripurapu from UBS in August last year and he joined the firm in November. Siripurapu brought with him nine bankers from UBS when he left last year and, together with the three he has now poached, UBS has lost at least a dozen senior bankers to Barclays Wealth since his departure.

But Barclays Wealth itself hasn't escaped the hiring frenzy in the private...