Prime Securities Forays into Wealth Management
Mumbai, Thursday, October 4, 2024: Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary,Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.
PTWL has roped in industry veterans Mr. Sailesh Balachandran and Mr. Maneesh Kapoor as Executive Director, Founders and Joint-CEO, to take charge of its Wealth Management business. PTWL will initially launch in NCR, Mumbai, Bangalore, and Chennai, with plans to gradually expand its services to the top Tier 1 and Tier 2 wealth destinations across the country.
Sailesh Balachandran, with 24 years of experience in the Banking and Financial Services sector, was previously Managing Director and Head of South India at LGT Wealth India. His past roles have spanned across ICICI Securities Private Wealth and HSBC Bank.
Maneesh Kapoor brings over 24 years of experience in the Banking and Financial Services industry, having served as a Senior Managing Partner at InCred wealth and Business Head for North and East India at LGT Wealth, in his previous roles. His career also includes holding key leadership positions at ICICI Securities Private wealth and ICICI Bank Ltd.
Maneesh and Sailesh’s extensive expertise and proven leadership abilities have consistently driven success and innovation in the industry. They have the experience of building and scaling business and capabilities across India, leading teams that included nearly 70 exceptional private bankers and over $1.5 billion of assets under management.
In a joint statement, Maneesh
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