edelweiss-talks-wealth-management-in-india

Edelweiss talks wealth management in India

Anurag Mehrotra, head of wealth management at Indian investment bank Edelweiss Capital, discusses the firm's private banking business.
Edelweiss Capital is a domestic, full-service investment bank which IPOed in November 2007 to an overwhelming response. We talk to Anurag Mehrotra, the head of wealth management at Edelweiss, about the firm's private banking strategy.

What prompted Edelweiss to start offering wealth management services in India
We perceive a big opportunity in wealth management. According to our internal estimates, the wealth industry in India in the next three years is going to be a close to Rs50 billion $1.2 billion in revenue potential. Also, in the Indian private banking industry, the prevalence is for a distribution model rather than an advisory model, thus we felt there is a need to build up an advisory-based...
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