A Mumbai, India-based firm, Waterfield Advisors, has appointed wealth management figure Munish Randev as its chief investment officer for its multi-family office business and Amit Shah as director, corporate advisory services.

A Mumbai, India-based firm, Waterfield Advisors, has appointed wealth management figure Munish Randev as its chief investment officer for its multi-family office business and Amit Shah as director, corporate advisory services, media reports said.

According to its website, Randev has more than 19 years of experience in various functions of investment advisory, including portfolio advisory, product management, broking and asset management. Prior to joining Waterfield, he worked with Avendus Wealth, Fidelity Funds group and ABN AMRO, it said.

Separately, the website said that Shah has more than 18 years of experience in investment banking and various related financial services functions. He has worked across geographies including Japan, Vietnam, Hong Kong, China and Singapore.
His last assignment was as senior director – investment banking with Avista - Houlihan Lokey in Mumbai, the firm said.

This publication is seeking further comments from the firm as to whether the CIO position is newly created and when, exactly, the appointments took place.

Both men are based in Mumbai, media reports said.