religare-discusses-private-banking-and-its-jv-with-macquarie

Religare discusses private banking and its JV with Macquarie

FinanceAsia talks to Shachindra Nath, group COO of Religare Enterprises, about the firmÆs wealth management practice and its recent acquisition of London's oldest stockbroking firm.
What prompted Religare to start offering wealth management services in India
ReligareÆs vision is to establish itself as a fully integrated globally trusted financial care brand. We would like to be seen as the true ôinvestment gateway of Indiaö. The idea is to be versatile and an end-to-end player by catering to all possible client groups across different geographies. We recently partnered with Macquarie to form a joint venture, Religare Macquarie Private Wealth, in which we are equal partners.

Overall, India is growing and so is the number of mass affluent people and high-net-worth-individuals. We believe there are limited options currently being offered to these people for managing and growing their wealth in a proactive...
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