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Financial services firm Ambit Holdings Pvt. Ltd has announced its foray into wealth management business with appointment of Sutapa Banerjee as the unit head. As Head of the Wealth Management arm at Ambit Capital, Banerjee will be responsible for establishing the business and providing impetus to the private client business. Before this, she was the Head - Private Banking in India for ABN Amro and also lead the consumer banking business in India.

“Apart from her expertise in the private banking business, Sutapa has displayed exceptional leadership skills and managerial capabilities throughout her career. We look forward to her leadership skills and business acumen to drive Ambit’s growth and give a new dimension to our wealth management business,” said Ashok Wadhwa, Group CEO, Ambit. 

Banerjee worked at ABN Amro for twelve years, where she played a key role in integrating the new and existing staff of the Consumer Banking division when ABN AMRO acquired Bank of America’s Retail Banking business. After that, Banerjee launched the new Private Banking division of ABN AMRO, whose assets under management has now grown to $1.25 billion. 

Before ABN Amro, Banerjee worked with ANZ Grindlays Bank. She holds a post graduate diploma in Management from XLRI, Jamshedpur and is a Gold Medalist in Economics.

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