He will lead the wealth manager's team of private bankers, product specialists, portfolio managers and strategic business functions to serve clients across geographies in India.
Avendus Wealth Management, the wealth business of Avendus Group, has appointed Nitin Singh as managing director and CEO, the Mumbai-headquartered firm announced in a statement on Tuesday.
Nitin has a dual line reporting to Kaushal Aggarwal and Gaurav Deepak, co-founders and managing directors, Avendus Capital. Nitin is also part of the Executive Committee, which is the strategic think tank of Avendus Group.
Private Banking Specialist
Singh joins from Standard Chartered, where he was managing director and head of wealth management, based in India, leading over 300 team members. He was also on the board of Standard Chartered Securities India and a member of the country management team of the bank. He previously spent almost 17 years at HSBC, where he was most recently global head of fund strategy at its private bank.
Avendus Wealth was established in 2010 and currently manages assets totaling $4 billion, with about 1,000 ultra-high net worth clients and corporate treasuries. It also operates offices in the U.K., U.S., and Singapore.
