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ICICI Bank and Russell Investment to tieup

DUBAI - ICICI Bank, India's largest private sector bank with over 50 years of financial experience, has announced a strategic alliance with Russell Investment Group, global leaders in multi-manager investments, to offer a range of multimanager investment portfolios to its international clients (non-Resident Indian (NRIs) and Persons of Indian Origin (PlO's)) through its offshore branch at Singapore.

This partnership will enable ICICI Bank to provide a range of customised multi-manager investment solutions that offer access to the world's leading investment managers covering the flill range of asset classes and investment styles outside India.

Bhargav Dasgupta, Senior General Manager and Head of International Banking at ICICI Bank said: "There are currently more than 20 million NRI's worldwide which represents a huge potential market. ICICI Bank is the first Indian Bank to offer international private banking and has close linkages with and an understanding of the needs of the international Indian diaspora."

"The partnership with Russell provides us with an opportunity to address the needs of our high networth clients and deliver a world class investment solution used by some of the world's largest institutional investors. These multi-manager portfolios will form the core component of our investment proposition offered to our clients," Dasgupta added.