Diversified financial services firm Edelweiss Group on Thursday announced the appointment of Ashish Kehair as deputy chief executive officer of its global asset and wealth management arm.
Kehair, a financial sector veteran of two-decades, joins the Mumbai-based firm following his stints in IDFC Bank as the head of its the wealth management and private banking verticals.
In the new role, Kehair, a qualified chartered and cost accountant, will be responsible for expanding the group’s asset and wealth management business across geographies.
Kehair had also worked at ICICI Bank in various capacities across its private banking, wealth management, asset management, private equity and treasury verticals.
Says Nitin Jain, chief executive officer, global asset and wealth management, Edelweiss Group: “We are confident that he (Kehair) will play a key role in the continued growth of Edelweiss’ global asset and wealth management business and further strengthen our leadership team.”
The announcement follows the 7 March appointment of Gopal Agrawal as a co-head for its investment banking vertical, who is sharing the responsibilities with Satyen Shah.
Agarwal is the second senior-level executive to join Edelweiss Financial in the past one year, after Subodh Gupta moved from Avista Advisory to join the company as its mergers and acquisitions head.
Indian companies, including start-ups, have been ramping up their teams by hiring experienced professionals as practice heads.
Rajagopal Anapuzha, who was with British banking and financial services firm Standard Chartered for over seven years, had joined Mumbai-based financial services startup Scient Capital recently.
Last month, Avendus Capital had hired former Kotak Mahindra Bank executive Akash Hariani as executive director of its subsidiary Avendus Wealth Management.