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India-Based Family Office Firm Continues To Expand
Tom Burroughes
27 November 2014
recently reported that India had around 1,800 UHNW individuals. In contast to the North America and European markets, Asia and the India sub-continent are as yet relatively young markets for family offices, and therefore seen as important potential growth areas for this segment. In March this year, the Patni brothers, Amit & Arihant, had announced a strategic investment in Mumbai-headquartered Waterfield Advisors. The partnership is aimed to jointly create a world platform to offer comprehensive family office and corporate advisory solutions to clients. In August, Waterfield Advisors 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.