Nuvama Wealth Management Ltd Company Profile: Products, Promoters and Clients

Nuvama Wealth Management Ltd Company Description:

Nuvama Wealth Management Ltd, formerly Edelweiss Wealth Management, leverages over 25 years of experience in the Indian market, bolstered by PAG, a leading Asia-Pacific investment firm specializing in private equity, real assets, and credit markets. This strong institutional backing enhances Nuvama's reputation and operational strength. Focused on client-centric wealth management, Nuvama offers an integrated platform delivering tailored solutions in wealth and asset management, capital markets, and advisory services. Their vision is to provide bespoke financial solutions for a diverse clientele, including entrepreneurs, promoters, high and ultra-high net-worth individuals (HNI & UHNI), and corporate and institutional investors. 

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Q1. What are the Product and service offerings of Nuvama Wealth Management Ltd?

1- Wealth Management: Nuvama provides custom-tailored investment strategies for wealth growth through its Investment Solutions. The Managed Products include portfolio management services, mutual funds, and alternative investment funds. Their Advisory Services support clients with comprehensive wealth advisory for financial planning and investment strategies. Additionally, Estate Planning and Family Office Solutions offer holistic approaches for legacy planning and family wealth management.

2- Asset Management: Nuvama offers Public and Private Markets investment opportunities in public equities and private market assets. The Commercial Real Estate segment provides real estate investment options tailored for growth and stability.

3- Capital Markets: Nuvama's Exchange Traded Products offer a broad range of traded securities for diversified portfolio management. Their Investment Banking services include advisory support for mergers, acquisitions, and other financial transactions. The Lending Solutions provide financial options, including lending against securities to ensure liquidity.

4- Integrated Technology Platform: Nuvama ensures a seamless client experience through Onboarding and Transactions, featuring digital onboarding and transaction processing. Their Servicing and Reporting offers advanced reporting tools and comprehensive client service solutions.

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Q2. Who are the Promoters/Management of Nuvama Wealth Management Ltd?

Pagac Ecstasy Pte Ltd. Hold a 54.92% stake in the company.

Mr. Birendra Kumar, with over five decades of experience in banking, credit, and investment, is currently the Independent Director and Chairman of the Company, and holds similar roles in three material subsidiaries. He also serves as Executive Director at Wisler Investment Management, managing AIF for Blackstone Tactical Opportunities Singapore. His past roles include Independent Director and Chairman of Advait ARC, Senior Advisor at Duff & Phelps India, and Vice Chairman as well as Founder, MD & CEO of International Asset Reconstruction Company. 

A former Deputy MD & Chief Credit Officer of SBI, Mr. Kumar has significant experience in distressed assets and asset reconstruction, having worked with PwC and various RBI and GOI expert groups. He holds an MSc in Mathematics from St. Stephen’s College and is a Certified Associate of the Indian Institute of Banking.

Mr. Ashish Kehair, Managing Director and CEO of Nuvama Wealth Management Limited, has significantly influenced the company's strategic direction and geographic expansion, building a comprehensive wealth management platform for affluent, HNI, and UHNI clients. With 23 years of experience in financial services, his expertise spans private banking, wealth management, asset management, investment product structuring, and treasury operations. Previously, he led Wealth Management & Private Banking at IDFC Bank and held positions at ICICI Securities, ICICI Bank, and TAIB Bank. Mr. Kehair is a Chartered Accountant and Cost Accountant.

Q3. Who are the Clients of Nuvama Wealth Management Ltd?

Nuvama serves a diverse clientele, segmented into various groups to provide specialized and high-quality services:

• Ultra High Net-Worth Individuals (UHNI) and Family Offices: Customized financial strategies and management for substantial family and personal wealth.
• High Net-Worth Individuals (HNI) and Affluent Individuals:Tailored investment solutions and financial planning services for affluent clients.
• Corporate and Institutional Investors:Comprehensive financial services, including investment banking, corporate advisory, and institutional asset management.

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Written By:Khush Kothari