Wadhawan Global Capital (WGC), one of India's leading financial services institutions, today announced its foray into private wealth management and joined hands with industry veteran Atul Singh, who will head the business. WGC's strategic goal of creating an integrated financial platform for lending, protection, asset management and private wealth will see fruition with this step.
Commenting on this occasion WGC Chairman Mr. Kapil Wadhawan said, "Today the Indian economy is on the cusp of a unique growth story and the number of wealthy Indians are on the ascend. Additionally, global players are also looking at investing in the India opportunity. This makes private wealth management business an inevitable opportunity for us to add to our integrated financial services platform. I take this opportunity to welcome Atul as head of the wealth management business with nearly two decades of rich experience in working with some of the most respected private banks and wealth managers around the globe, Atul brings deep understanding of building this sophisticated business through quality research, trusted advice and transparent relationships."
WGC is one of India's leading financial services institutions with over USD 20 billion assets under management. It is the parent company to some of the trusted brands in India such as DHFL that is a market leader with three decades of experience in financing affordable housing, Aadhar Housing Finance, Avanse Financial Services, DHFL Pramerica Life Insurance, DHFL Pramerica Asset Managers and DHFL General Insurance. The Wealth management business of the Group will reach out to the entire spectrum of HNI and another category of potential audiences.
On taking up this new responsibility, Atul Singh said, "I'm delighted to be joining WGC Group that has been part of India's valuable financial services journey for the past three decades. We look forward to creating a unique yet dominant market leadership position in wealth management business for the discerning India that today has few of the best wealth creators both new and across generations. Moreover, with a structural shift towards Financial Savings for Indian households, this presents a multi-decade opportunity, and with WGC group's wide ranging capabilities and footprint, we would be well placed to capture it."
Over the course of his eighteen-year career, Atul Singh has experience of working with some of the most respected private banks in the world. His last assignment was with Julius Baer as CEO of India. Atul also held leadership positions in Merrill Lynch's India and Singapore businesses and Booz Allen Hamilton in New York.
WGC Chairman Kapil Wadhawan further added, "Formed in 1984, this organization is committed to our founder's vision of democratizing finance and realizing the transformative power of inclusive growth. We are continuously evaluating and incubating new opportunities in the BFSI sector and combine years of learning with measured risk-taking in a strategic mix of mature and growing businesses.
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