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India’s IIFL promotes wealth executive to head asset management unit

IIFL on Wednesday said it is promoting a senior executive from its wealth unit to head the asset management arm as the Indian wealth manager seeks to stave off domestic competition from one-stop shops. The Mumbai-based firm said Manoj Shenoy will be the chief executive officer of IIFL Asset Management, effective 2 February 2021. Shenoy has close to three decades…

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