The private banking arm of Nuvama Group, Nuvama Private, has made a foray into the Middle East by launching its office in the Dubai International Financial Centre (DIFC).
In business for over 15 years, and with a CAT III C licence, Nuvama Private is one of the few Indian private banks that is authorised to provide advice and distribute investment products. The company’s clients include UHNWs, family offices, entrepreneurs, CXO and professional investors.
The setting up of an office in Dubai would now enable NRIs and global clients to access a fast-growing market easily. Alok Saigal, president and Head, Nuvama Private, said NRIs account for about a quarter of the expatriate population in Dubai. “We intimately understand the needs and persona of the Indian mindset, and their need for an all-inclusive and tailored wealth management solutions,” he said.
Vivek Sharma, Head, Offshore, Nuvama Private, said, “We feel that with the evolution of Indian UHNW families, their needs are becoming global, and we would like to play an integral role in serving both the local and global needs of such families, through our DIFC arm along with our already well-established India practice.” – editor@nrifocus.com
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