15 May 2018

Former Senior Pictet Banker Grabs Indonesia Market Leader Role

Published by Wealth Briefing Asia – 15th May 2018

A high-profile woman in the Asian private banking industry switches to a US lender, with a focus on the Indonesian market.

Grace Barki, formerly the managing director covering Southeast Asia for Pictet in Singapore, is resurfacing as Indonesia market leader at JP Morgan, reporting to Rahul Malhotra, who is head of Southeast Asia and the NRI operation at the US bank, this publication can report.

A prominent figure in the industry, Barki started her career with Citigroup in Jakarta; she later switched into private banking when she took on the role of country manager and acquisition team head for Indonesia at Citigroup Private Bank, and in 2004 moved to UBS Singapore as Wealth Management desk head and later the country team head of Indonesia.

Barki has also held various senior roles with Sarasin and Royal Bank of Canada.

Among recent senior changes at JP Morgan, May Hsu, head of greater China and vice chairman for the private bank of JP Morgan, decided to focus solely on the vice chairman role, this publication reported in April.