Equirus Capital, an investment bank confirmed on 23rd April it is making an entrance in wealth management business and will cater investment solutions to high-end clients. India is the fourth largest population of millionaires in the Asia-Pacific with 2,19,000 extremely rich individuals with a combined wealth of US$877bn, said 2017 Asia-Pacific Wealth Report (APWR) released by Capgemini, India.
The company also confirmed the appointment of Ankur Maheshwari as its Chief Executive Officer. Maheshwari who he has been previously associated with JP Morgan, ICICI Bank and Asian Paints, will be responsible for establishing the company’s wealth management business.
“Today the Indian economy is on the cusp of a unique growth story and the number of wealthy Indians is on the ascent. This makes wealth management business an inevitable opportunity for us to add to our business lines. I take this opportunity to welcome Ankur; his in-depth knowledge and varied experience in the wealth management space will contribute to the company’s plans on building the business and taking it to the next level of growth,” said Donald D’Souza, managing director, Equirus Capital.