Awards for Distinction 2022 – Best Domestic Private Bank – India

Best Domestic Private Bank India


Nuvama Private

Best Domestic Private Bank – India

Alok Saigal

president and head
Nuvama Private (formerly: Edelweiss Financial Services)

We are honoured to be named as Asian Private Banker’s Best Domestic Private Bank – India. This is the third time we are being acknowledged for our sustained endeavour towards building a client-centric wealth management platform backed by high quality advice and a profoundly talented team.

We would like to thank clients for their unwavering support evidenced by their trust and encouragement.

What was behind the judges’ decision?

  • Reflecting the turmoil in public markets during the period under consideration, Nuvama Private built out — and raised funds for — its alternative investment offerings, including but not limited to pre-IPO equity, venture debt, distressed assets and low beta, and long-short hedge funds. Such offerings helped contribute to a sizeable increase in AUM and net new assets during the period under consideration
  • Significant enhancements to both client experience and digital offerings have had a tangible result on operations at Nuvama Private. For example, client account openings which used to take three to five days can now be achieved in around one day, thanks to the expanded role of digitalisation in onboarding. Today, more than 70% of client transactions at Nuvama Private are executed digitally
  • Nuvama Private has been able to more holistically serve the requirements of its increasingly global client base by expanding its shelf of offshore products, such as through its partnership with Bank of Singapore

What we said

In India’s fast-growing wealth market, Nuvama Private has stayed ahead of the curve by delivering best-in-class products and services to clients, as well as capitalising on new opportunities and trends when they arise — ranging from alternative investment solutions to new digital tools for clients, said Daniel Shane, editor of Asian Private Banker.

Asian Private Banker would like to congratulate everyone at Nuvama Private on their richly deserved success in the category of Best Private Bank – India, at the 12th Awards for Distinction, the region’s most prestigious industry awards programme.

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