The mid-sized wealth manager is part of the broader Centrum Group
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Co-heads Of Business At $4.3 Bn Centrum Wealth Asked To Leave The Firm
The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"
Topics
Centrum Group | Indian business | Businesses
The heads of business at Centrum Wealth Ltd. have been asked to leave the firm, just as the industry is set to balloon in one of the world’s fastest-growing markets.
The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a “loss of confidence,” the group’s spokesman said in an emailed reply, without elaborating.
Vinay declined to comment when reached by phone. A request for comment sent to Ganashyam through LinkedIn wasn’t answered.
Founded about a decade ago mainly with a leadership team brought in from HSBC Holdings Plc’s India operations, Centrum Wealth managed 350 billion rupees ($4.3 billion) of assets as of March 2022 — a 40% increase from the previous year — according to its latest annual report. The mid-sized wealth manager is part of the broader Centrum Group.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, January 13 2023. 12:59 IST
RECENT NEWS
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more