Lawrence D. Howell – Non-Executive Director

“Lonnie” brings over 40 years of experience in Financial Services and Private Banking. He is the co-founder of EFG International and served as its Chief Executive Officer until June 28, 2011. Prior to EFGI, he served as Head of Americas at Coutts & Co. International Private Banking from 1989 to 1995 and was responsible for all clients domiciled in the Americas as well as all Coutts & Co’s offices in the US, the Bahamas, Bermuda, Cayman and Latin America. Before this, he also served as Head of Americas and Asia in Zurich of Coutts & Co. From 1986 to 1989, he served as Vice President in charge of Swiss Super High Net Worth Clients at Citibank Switzerland. From 1985 to 1986 he was with McKinsey & Co. LH served as Chief of Staff for the Head of Private Banking for Europe, Middle East and Africa of Citibank from 1981 to 1984. He started his career as internal legal counsel with Citibank from 1978 to 1981. Mr. Howell holds a BA and JD from the University of Virginia.

Sambit Mangaraj - Non-Executive Director

Mr. Mangaraj has been involved in the financial market for over 15 years, providing securities dealing, wealth management and client advisory services, including the distribution and marketing of investment products to institutional and high net worth clients. He has previously worked in a number of leading regional and global financial institutions, including Darashaw and Company Pvt. Ltd, an Investment Banking and Broking company in India as Senior Associate for a period from June 2000 to April 2003, ICICI Prudential Life Insurance Company Limited (in India) as Group Solutions Manager for a period from May 2003 to June 2005, ICICI Bank Limited (in Hong Kong) from July 2005 to June 2007, EFG Bank, AG (in Hong Kong) resigning as Managing Director in March 2013. He holds a Post Graduate Diploma in Business Management in Goa Institute Management in India. At a corporate management level, Mr. Mangaraj will be responsible for business strategic planning and development, investment strategies, risk management and marketing. 

Y N. Nagendra – Chairman Ucap Asset Management (Asia and the Middle East)

Mr YN Nagendra joined UCAP after six years at Bank J Safra Sarasin as Vice Chairman and Deputy CEO Asia. Before stepping down, he also held the
post of Global Head of Strategic Resourcing – a role in which he was responsible for hiring senior Bankers across the globe. 

Prior to Bank J Safra Sarasin, he was with Bank of Singapore (BoS) as Managing Director and global head of India subcontinent, Middle East and Africa overseeing a team based in Hong Kong, Singapore, Dubai and London. He has also been Head for South Asia , Middle East & Africa and the UK at ING Private Banking, which later became Bank of Singapore. He started his career in private banking with BNP and then moved to Rabobank.


Mr. Nagendra is highly experienced, successful and well-regarded business leader and banker. The combination of his experience, knowledge of private banking and culture would prove invaluable for UCap Asset Management’s next stages of growth.

Akshat Jaswal – Chief Executive Officer

Akshat has 20 years of financial markets experience in sales and advisory roles across asset classes. He has worked closely with High Net Worth Individuals as well as corporates, advising them on their investments and helping them manage their currency, interest rate and commodity risks. Before joining UCAP, Akshat worked as an investment advisor with UBP and ANZ. Before joining ANZ, he worked with global derivative brokerage houses like INTL FCStone and MF Global where he set up new product lines and was responsible for generating sales and revenues across those lines. Akshat is a CFA charterholder and holds a Post Graduate Diploma in Management with a specialisation in Finance.



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