Rakesh Kripalani (LinkedIn) has joined LGT Wealth India as Managing Director & Co-Head, Private Clients Coverage, effective July 2025. Based in Mumbai, he will be responsible for expanding and strengthening the firm’s wealth management offerings for ultra-high-net-worth individuals (UHNWIs) and business families across India.
Rakesh brings over 25 years of experience in wealth management, private banking, and structured lending. Prior to this role, he served as Chairman of the Board at Barclays NBFC, where he spent 13 years guiding the lending business in India. His leadership was instrumental in delivering asset-backed structured lending solutions to some of the country’s most prominent business families, ensuring sustainable growth while maintaining high standards of governance and compliance.
Before his NBFC leadership role, Rakesh held senior responsibilities at Barclays Bank Plc as Head of Banking & Credit, Private Bank India. Over his 15-year tenure, he built and scaled solutions for UHNW clients, including promoter financing, cross-border structuring, FX risk management, and bespoke wealth financing strategies. He also facilitated collaborations between the Private Bank and Barclays’ Corporate & Investment Bank, enhancing the value proposition for clients.
Earlier in his career, Rakesh worked with Lehman Brothers (later Nomura) as Vice President, where he managed counterparty risk, structured derivatives, and credit analysis for Indian corporates. He also held senior roles at Citigroup, where he set up the structured lending platform for Citi Private Bank in India, and began his career with research and asset management roles at CRISIL and Unit Trust of India AMC.
With his extensive expertise in private banking and client-centric solutions, Rakesh’s appointment is expected to significantly contribute to LGT Wealth India’s growth journey. His track record of building innovative financial solutions and deep relationships with UHNW clients will enable the firm to further strengthen its position as a trusted wealth manager in India’s dynamic financial landscape.