efg-ventures-into-wealth-management-in-india

EFG ventures into wealth management in India

The Swiss private banking group acquires a 75% stake in Stratcap Securities India.
Private banking group EFG International will acquire 75% of Stratcap Securities India to launch its entry into wealth management in India.

EFG, a Zurich-headquartered private banking and asset management firm, will establish a base on the ground in India via the acquisition of Stratcap. It will benefit from both Stratcap's existing base of CHF700 million $607 million in assets under management and the firm's employee base of 24 people including founder, Atul Sud, who will become chairman of EFG Wealth Management India.

The two firms did not disclose details of the consideration.

Sud worked in a number of positions in American Express Bank in India before he set up Stratcap in 1995. Stratcap...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222