India's Ambit Capital talks wealth management

Sutapa Banerjee, CEO of Ambit Capital's private wealth business, discusses the firm's strategy to build its wealth management offering in India.

Domestic Indian investment bank Ambit Capital launched a wealth management service earlier this year. We talk to Sutapa Banerjee, the chief executive officer, about how she plans to grow the business in a competitive marketplace.

What are the assets under management of the wealth management business of Ambit Capital What is the typical client profile
Ambit launched its private wealth business in early April this year. In four months we have moved rapidly to Rs4.5 billion $97 million of AUM across 50 families. Ours is a niche business model where we offer end-to-end services to ultra-high-net-worth individuals HNWI and companies, almost always on an invitation basis.

We have a three-way approach to private wealth...

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