Edelweiss Group, a leading diversified financial services conglomerate, has announced the appointment of Vikaas M Sachdeva as Chief Executive Officer of Edelweiss Asset Management Limited (AMC), the Investment Manager to Edelweiss Mutual Fund.
As CEO of the AMC, Sachdeva’s key responsibility would be to spearhead Edelweiss Mutual Fund and the AMC operations to the next level.
Sachdeva’s appointment is in line with the Group’s focus on strengthening the senior management bandwidth to lead the Group’s growing and expanding businesses particularly in the asset management space, Rashesh Shah, Chairman, Edelweiss Group, said in a statement.
A veteran in the financial services industry, Sachdeva brings over 18 years experience in marketing and distribution of financial products.
Prior to Edelweiss, he worked with Bharti Axa Investment Managers Pvt Ltd as their Country Head – Business Development. Some of his earlier assignments have been with Birla Sun Life AMC Ltd as Head – Sales and Marketing and ING Investment Management Pvt Ltd as Country Head – Business Development.
Edelweiss Group, with a group networth of over Rs 2,400 crore and a pre-tax profit of Rs 333 crore for FY10, has emerged as India’s leading diversified financial services group. Edelweiss offers a large range of products and services spanning across asset classes and consumer segments. Its businesses are broadly divided into Investment Banking, Brokerage Services, Asset Management and Financing.
The Mutual fund and Retail Broking businesses along with the acquisition of Anagram Capital have paved the way for Edelweiss to cater to the large retail client segment. Edelweiss’ presence in India along with Anagram now covers over 340 offices pan India.