Awards for Distinction 2022 – Best Domestic Independent Wealth Manager – India

Best Domestic Independent Wealth Manager India

 

Avendus Wealth Management

Best Domestic Independent Wealth Manager – India

Nitin Singh

MD & CEO

It is a matter of great pride for us to be recognised as the Best Domestic Independent Wealth Manager – India at Asian Private Banker’s 12th Awards for Distinction, for the third consecutive year! We owe this to the trust that clients have placed in us and to the holistic approach of our insights-based and expertise-driven platform.

Within our ecosystem, we have built a formidable practice that, we believe, fulfils the ever-evolving requirements of the current and future needs of UHNWIs, large family offices and corporate treasuries. We have grown from strength to strength on the back of a sharp client focus and bespoke solutions. We remain committed to leading with exceptional ideas through innovative offerings and through insights that are ahead of the curve. Our “client first” approach has allowed us to foster deep engaging relationships.

On behalf of the entire team at Avendus Wealth Management, I would like once again to thank Asian Private Banker for this recognition.

What was behind the judges’ decision?

  • During the period under consideration, Avendus Wealth Management markedly grew client AUM, added a substantial number of U/HNWIs as clients, and raised an impressive amount of capital for funds and private placements. Additionally — and remarkably for India’s wealth management sector — about half of AUM is in discretionary mandates, ensuring more predictable and recurring revenue streams
  • In 2022, Avendus Wealth Management launched one of the most ambitious and comprehensive mobile apps for clients and internal stakeholders in the local market. Among the services offered by Avendus Wealth App are detailed portfolio analytics, investment ideas and recommendations, as well as thought leadership
  • Avendus Wealth Management has greatly increased collaboration across the Avendus group, boosting its overall ‘one-bank’ proposition. This had a direct impact on client acquisition, with Avendus Wealth Management enjoying a strong number of referrals from the investment bank

What we said

Avendus Wealth Management went from strength to strength in 2022, as it solidified its position at the top of India’s wealth tree with significant enhancements to its product suite, market-leading alternative investment propositions, digital offerings and superior client service levels, said Daniel Shane, editor of Asian Private Banker.

For all those reasons and more, Asian Private Banker is proud to once again hand Avendus Wealth Management the accolade for Best Domestic Independent Wealth Manager – India at the 12th Awards for Distinction, the region’s premier private banking awards programme.

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