Private sector lender HDFC Bank today announced appointment of Rakesh Singh as private banking head. He will continue to head the bank's investment banking, capital markets and financial institutions businesses, the bank said in a statement. Private banking is wealth management service of the bank catering to High Net Worth and ultra-HNW individuals, families and establishments, who aim to successfully manage and grow their wealth. As of December 31, 2017, the private banking business had assets under advice of over Rs 93,000 crore across over 16,000 families in India and overseas.
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