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Nitin Jain, former Wealth and Asset Management CEO at Edelweiss Financial Services has launched Neo Group, a new age asset management and financial advisory platform.
The group will focus on four businesses- Neo World (Retail distribution business), Neo Asset Management (Alternative investments), Neo Multi Family Office (Advisory for wealthy families) and Neo Leaf (Affordable housing finance business). Nitin has roped in a team of industry experts to lead each of Neo Group’s business verticals:
- Varun Bajpai, Former Country Head, Macquarie Group joins as MD and CEO of Neo World
- Hemant Daga, Former CEO, Edelweiss Asset Management joins as MD and CEO of Neo Asset Management
- Puneet Jain, Former ED, Goldman Sachs and Kotak Institutional Equities joins as MD and CIO of Neo Asset Management
- A Srikanth, Founder BridgeMonte Advisors and Former CEO Motilal Oswal Wealth joins as CEO of Neo Multi Family Office
Neo Group’s leadership team comes with a cumulative experience of over 100 years and ~$40 billion of assets under advice.
The company has raised $40 million of funding from private investors and is currently administering assets of almost $1 billion.
