India: Edelweiss Wealth Management promotes Ashish Kehair to MD & CEO

Photo: Reuters

Edelweiss group on Wednesday said it has promoted Ashish Kehair as managing director and chief executive officer of Edelweiss Wealth Management, the group said in a statement.
In this role, Kehair will lead the strategic initiatives and business operations for Edelweiss Wealth Management, reporting to the board of directors, the statement said. The appointment is subject to regulatory approvals.

Kehair has been the head of the wealth management division since 2017. He has previously held executive positions at IDFC Bank and ICICI Securities.

Kehair will replace Nitin Jain who is departing the organization after a transition period to pursue entrepreneurial interests.

“We are fortunate to have a proven industry veteran in Ashish Kehair take on leadership of EWM and work collaboratively with the stakeholders to take EWM forward. Ashish is a proven business and people leader, and we look forward to supporting his success,” said Rashesh Shah, chairman and MD of Edelweiss group.

Edelweiss Wealth Management reported revenues of Rs1,043 crore and profit after tax of ₹245 crore for FY21. PAG, an Asia-focused investment group, recently made a strategic investment in EWM, for a stake of 61.5%. Edelweiss continues to hold 38.5% stake in EWM with the option to increase it further to up to 44%.

This article was first published on livemint.com

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.