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  • MF News Bajaj Capital enters private wealth business

    Bajaj Capital enters private wealth business

    The company aims to target ultra HNIs and HNIs through this new distribution arm.
    Team Cafemutual Nov 18, 2023

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    Bajaj Capital has forayed into private wealth business to cater to ultra HNIs and HNIs.

    In fact, the company has appointed Kalpesh Dave as the new Deputy CEO to spearhead its private wealth business.

    Dave played a pivotal role in establishing InCred Wealth as its first founding team member and managing partner. He has worked with L&T Financial Services, Aditya Birla Capital, Kotak Mahindra Bank and ICICI Bank.

    In a press release, Rajiv Bajaj, Chairman & MD of BajajCapital said, "Bajaj Capital stands at the cusp of a momentous growth phase and we firmly believe that Dave's profound grasp of the financial landscape will serve as a linchpin in realizing our ambitious vision towards building global private wealth business”.

    Sanjiv Bajaj, Joint Chairman & Managing Director of Bajaj Capital, said, " Dave's appointment signifies a strategic shift that will serve the ultra HNI and HNIs of India in building and protecting their wealth, leading Bajaj Capital into an exciting new phase of growth."

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