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Walia’s appointment comes nearly three months after the IPB unit hired seven bankers from Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC) and Goldman Sachs (NYSE:GS) Wealth Management in an effort to bolster its business in the region.
Walia, designated as a managing director, co-heads IPB’s New York operations with Anthony Valvo, who is also the unit’s head of Miami.
The German lender’s IPB unit offers advisory and wealth management services to high net-worth individuals and their families.
An industry veteran with more than 25 years of experience, Walia oversaw Wells Fargo Private Bank’s wealth management business and strategy across ultra-high net worth, high net worth and affluent client segments.
Based in New York, Walia reports to Arjun Nagarkatti, the head of IPB in the Americas.