Edelweiss Wealth Management (EWM) Thursday said it plans to raise about US$1 billion from its pre-IPO and late-stage private equity (PE) focussed series of funds as alternative investing gains traction among the U/HNWI in India. The Crossover Series III A fund, launched in March this year, got final commitments of over US$200 million taking the total for the Crossover Series […]

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Edelweiss Private Wealth Management is looking to democratise high-quality advice as it unveils Infinity, its new digital flat-fee advisory solution and platform, according to Anshu Kapoor, Edelweiss’s head of private wealth management. “Not accounting for any teams they may have internally to run their portfolios, on a like-to-like basis, Infinity immediately allows for a 25% drop on their portfolio management […]

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Edelweiss Private Wealth Management, India’s third-largest wealth manager by AUM, has deployed a mobile app to tackle both client engagement and staff performance, according to Anshu Kapoor, Edelweiss’s head of private wealth management. “With the mobile app we have built for clients and for our team, we can access information on the business, at any place and time,” Kapoor told […]

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Edelweiss Private Wealth Management, India’s third-largest wealth manager by AUM, is making in-house training the pivotal aspect of its growth strategy on the back of the launch of its training academy, according to Anshu Kapoor, Edelweiss’s head of private wealth management. “This academy is the key pillar in our growth strategy because, in India, we do not have enough supply […]

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India’s markets have witnessed a momentous 2018, characterised by mercuriality and punctuated with jolts like the abrupt resignation of Reserve Bank of India (RBI) governor Urjit Patel, the Sensex sinking into correction on the heels of a global selloff in October, and the liquidity crunch following the debt default of Infrastructure Leasing & Finance Services. Despite sustaining the knock-on effects, […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. In this final instalment, Asian Private Banker asks: What emerging technology applications do you expect to reach an inflection point in their convergence with private banking and wealth management? […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is your view on robo-advisors and is your firm developing robo-capabilities of its own? Have you observed any robo-advisory developments that […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Are you satisfied with how regulators interact with and solicit the industry for feedback? Pierre Masclet, CEO, Asia and Singapore branch, Indosuez […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What essential tool do you have in your arsenal or plan to develop that will help your firm tackle increasing regulatory stringency […]

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Less than half of India’s wealthiest families use family office services to structure their wealth, according to ‘The Family Wealth Report 2018: A roadmap for the Indian family office’, a research report just released by Edelweiss Wealth Management and Campden Family Connect. “Family decision makers are often aware that succession and wealth structuring have to be dealt with, but they […]

The post FOs add value via “exposure, experience, education”, but have yet to take off in India: Edelweiss’s Kapoor appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Ten years on from the GFC, how has your product shelf evolved and how have clients’ perceptions of structured products changed? Steven […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Although geopolitical uncertainty and volatility pose a challenge to DPM performance, will these dynamics ultimately prove a boon for the discretionary business […]

The post Final Word 2018: CEOs discuss DPM and alternatives amid today’s erratic markets appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is the one revenue line that you must build up significantly in the coming few years to ensure business sustainability? And […]

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‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: In the midst of what has been construed as an increasingly difficult macroeconomic environment, how do you think the private banking and […]

The post Final Word 2018: CEOs share their thoughts on who will best withstand the difficult macroeconomic environment appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is the state of Asia’s talent pool and did your firm pay significantly higher for new talent? What is your view […]

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Edelweiss Wealth Management, India’s third-largest wealth manager by AUM, not only expects to grow revenues and assets by some 50% this year, but to maintain this aggressive rate for the next decade, according to its head of global wealth management, Anshu Kapoor, who said the firm continues to benefit from “a huge flow [of assets] directed into financial assets” and […]

The post Edelweiss’s Kapoor: “Wealth management in India is going mainstream” appeared first on Asian Private Banker.

Edelweiss Wealth Management is targeting a 50-60% growth in assets under administration (AUA) and revenue in 2018 by riding last year’s momentum when assets grew by 75.6%. “In 2018, we are looking to do more of what we did in 2017 with a deeper focus on our three client segments – family offices, next generation entrepreneurs and high-level corporate executives,” […]

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Indian wealth manager Edelweiss Wealth Management is set to gain access to over a million clients and 90 branches in its parent group’s planned acquisition of the securities business from Religare Enterprises. The acquisition would include Religare’s securities and commodities broking businesses, and depository participant service, Edelweiss Group announced Wednesday. Rahul Jain, head of personal wealth advisory at Edelweiss Global Wealth Management told […]

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Asian Private Banker sits down with Anshu Kapoor, Edelweiss’ head of global wealth management, to discuss the Mumbai-based firm’s rapid growth last year, its approach to hiring and training, competition in India amongst local and foreign players, and the wealth manager’s plans for the future. By end-2016, Edelweiss was the fifth largest wealth manager in India’s onshore market, according to Asian Private Banker’s India […]

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A global private banking strategy aimed at capturing both outbound and inbound wealth in India has met criticism from a number of domestic wealth managers, who say that while conceptually appealing, the approach fails to factor in the nuances of onshore regulations and investor behaviour. The ‘global Indian’ concept – effectively a clubbing together of private banks’ India onshore and […]

The post India’s domestic wealth managers sceptical about foreign rivals’ ‘global Indian’ strategies appeared first on Asian Private Banker.

India’s wealth management industry is showing signs of maturity and is poised to see a shift from pure distribution powerhouses to boutique wealth managers that have client-centric offerings, says Arpita Vinay, a Mumbai-based director at Centrum Wealth Management. “As the industry matures, business models will evolve from pure product-led distribution to client-centric holistic wealth planning and management offerings,” Vinay says, […]

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