Campden Wealth, one of the world’s leading family wealth management companies, is set to start Indian operations as the number of super-rich families in the country continues to rise.
For its India entry, Campden Wealth has joined hands with Amit and Arihant Patni, sons of Gajendra Patni, co-founder of Patni Computer Systems Ltd. Campden Family Connect (CFC), a joint venture company between Patni’s family office RAAY Global Investments Pvt. Ltd and Campden Wealth, was floated this month, according to senior management at RAAY Investments.
“Over the recent years, we have seen rapid growth in the number of HNWIs (high-net-worth individuals) as well as single and multi-family offices in India and the concept of family offices continues to evolve in India,” said Amit Patni, chairman, RAAY Investments.
“Campden Family Connect will set up an Indian ultra-high net worth membership community by providing Indian business families global networking opportunities as well as access to international best practices in family business, family office and generational education,” Patni added.
India has now 2,083 ultra-high-net-worth individuals with more than $50 million net wealth, 3% higher than 2014, according to the Global Wealth Report 2015 by Credit Suisse AG released in October 2015.
Established in 1987, Campden Wealth is a UK-based independent family-owned business providing knowledge and intelligence to the world’s wealthiest families, their family office and ultra-high-net-worth investors.
