Developments in the Private Wealth Management Market in India

Nitin is the MD & CEO of Avendus Wealth Management. He has over two decades of rich experience in private banking, asset management and wealth management. His role and responsibility at Avendus include leading a team of high performing private bankers, product specialists, portfolio managers and strategic business functions to serve large UHNI clients, family offices and treasuries spread across India. Nitin joined Avendus from Standard Chartered Bank where he was Managing Director & Head of the Wealth Management business, that comprised of 300+ team members. Under his leadership, the business recorded assets under management and custody of USD 14 billion in 2019. Nitin was also on the Board of Standard Chartered Securities India and a member of the Country Management Team for Standard Chartered Bank. Prior to joining Standard Chartered, he spent 17 years with HSBC in a variety of roles, with his last role as the Global Head of Fund Strategy for HSBC Private Bank, based in London. At HSBC, he managed an AUM of USD 40 billion. He established the global funds desk at HSBC with responsibility for fund selection, strategic partnership programs with asset managers, and led the distribution efforts for mutual funds and ETFs across the Private Bank customer base globally. Nitin was also a member of HSBC Private Bank Global Investment Committee. Nitin holds an MBA degree from IIM, Bangalore and is a graduate in Economics from Delhi University.

Prashant is an accomplished professional with over 20 years of deep domain expertise in the family office and private banking space. He has advised numerous top business families in India on investment framework, portfolio strategy and succession planning. Prashant has witnessed various market cycles and his views on asset classes, market insights and research are widely respected and regularly featured in various national media outlets. Prashant is an advisory council member advising families on investments, inheritance, succession, and Family Trusts for optimal wealth management. Prashant specializes in investment strategy, family office creation, and succession planning. Prior to co-founding Upwisery, Prashant worked with the Confederation of Indian Industry (CII), HSBC Invest direct and ICICI Bank among others. Prashant holds a Bachelor’ in Commerce (B.com), Shimla and a Master’ in Management Studies (Finance) from ICFAI, Hyderabad.

Yash Shah is a Partner at Synpulse. Being an expert in private banking and wealth management, he has been helping WMs in the region with their wealth transformation journeys and target operating models. He takes care of Synpulse's wealth business in Asia Pacific

Shiv Gupta is founder of Sanctum Wealth Management, and former head of RBS Private Banking in India. He was a member of the RBS India Executive Committee and the India business representative on the Coutts International Asia Management Committee. Based in Mumbai, Shiv oversaw all aspects of RBS’ Private Banking business in India which had close to 100 staff including 29 private bankers located in 4 offices across the country. Shiv had been a part of the RBS Group for 14 years and was one of the founding members of the Coutts International South Asian business. Prior to India he was based in Singapore managing the NRI business in Asia Pacific, as well as the Thailand market. Born in India, Shiv holds a Bachelor’s degree in Economics (Hons) from the Hindu College, Delhi University.  He is also a graduate of the Harvard Business School’s General Management Program (GMP).

Shiv Gupta is founder of Sanctum Wealth Management, and former head of RBS Private Banking in India. He was a member of the RBS India Executive Committee and the India business representative on the Coutts International Asia Management Committee. Based in Mumbai, Shiv oversaw all aspects of RBS’ Private Banking business in India which had close to 100 staff including 29 private bankers located in 4 offices across the country. Shiv had been a part of the RBS Group for 14 years and was one of the founding members of the Coutts International South Asian business. Prior to India he was based in Singapore managing the NRI business in Asia Pacific, as well as the Thailand market. Born in India, Shiv holds a Bachelor’s degree in Economics (Hons) from the Hindu College, Delhi University.  He is also a graduate of the Harvard Business School’s General Management Program (GMP).

Prashant is an accomplished professional with over 20 years of deep domain expertise in the family office and private banking space. He has advised numerous top business families in India on investment framework, portfolio strategy and succession planning. Prashant has witnessed various market cycles and his views on asset classes, market insights and research are widely respected and regularly featured in various national media outlets. Prashant is an advisory council member advising families on investments, inheritance, succession, and Family Trusts for optimal wealth management. Prashant specializes in investment strategy, family office creation, and succession planning. Prior to co-founding Upwisery, Prashant worked with the Confederation of Indian Industry (CII), HSBC Invest direct and ICICI Bank among others. Prashant holds a Bachelor’ in Commerce (B.com), Shimla and a Master’ in Management Studies (Finance) from ICFAI, Hyderabad.

Nitin is the MD & CEO of Avendus Wealth Management. He has over two decades of rich experience in private banking, asset management and wealth management. His role and responsibility at Avendus include leading a team of high performing private bankers, product specialists, portfolio managers and strategic business functions to serve large UHNI clients, family offices and treasuries spread across India. Nitin joined Avendus from Standard Chartered Bank where he was Managing Director & Head of the Wealth Management business, that comprised of 300+ team members. Under his leadership, the business recorded assets under management and custody of USD 14 billion in 2019. Nitin was also on the Board of Standard Chartered Securities India and a member of the Country Management Team for Standard Chartered Bank. Prior to joining Standard Chartered, he spent 17 years with HSBC in a variety of roles, with his last role as the Global Head of Fund Strategy for HSBC Private Bank, based in London. At HSBC, he managed an AUM of USD 40 billion. He established the global funds desk at HSBC with responsibility for fund selection, strategic partnership programs with asset managers, and led the distribution efforts for mutual funds and ETFs across the Private Bank customer base globally. Nitin was also a member of HSBC Private Bank Global Investment Committee. Nitin holds an MBA degree from IIM, Bangalore and is a graduate in Economics from Delhi University.

Yash Shah is a Partner at Synpulse. Being an expert in private banking and wealth management, he has been helping WMs in the region with their wealth transformation journeys and target operating models. He takes care of Synpulse's wealth business in Asia Pacific