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
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
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more