Financial industry veteran Nitin Jain launches asset management and financial advisory firm
Mumbai, India, May 11, 2022 /PRNewswire/ — Nitin Jain, former CEO of Wealth Management at PAG-Edelweiss Financial Services, embarks on his entrepreneurial journey with the launch of Neo Group, a new asset management and financial advisory platform. An outstanding team of industry experts have come together to lead each of Neo Group’s vertical business areas:
- Varun Bajpaiformer Country Director of Macquarie Group joins as Managing Director and CEO of neo world, a digital, unbiased, goal-oriented personal finance platform for individuals. It aims to help clients develop better financial habits of saving and investing, understanding and driving long-term planning and asset allocation, and eventually guiding them towards their lifelong dream. achieve financial freedom.
- Hemant Dagaformer CEO, Edelweiss Asset Management joins as Managing Director and CEO of Neo Asset Management
- Puneet Jainformer Managing Director, Goldman Sachs and Kotak Institutional Equities joins as Managing Director and CIO of Neo Asset Management, a private credit, fixed income and real assets platform for individuals and institutions that aims to offer returns above inflation without the volatility of stock markets.
- At Srikanth, BridgeMonte Advisors founder and former Motilal CEO Oswal Wealth joins as CEO of Neo Multi Family Office, a platform that advises ultra-high net worth families on their strategic issues including investments, business advisory, estate planning and asset acquisitions.
Nitin and his team have been instrumental in building and scaling several businesses, unlocking tremendous value for investors and shareholders. Under his leadership, Edelweiss Wealth and Asset Management grew to become one of the largest practices in India.
Neo Group’s management team has a cumulative experience of over 120 years and ~INR 3,00,000 crores of advised assets.
Nitin JainCEO, Neo Group said: “We want to operate in areas within the financial markets where there is an opportunity to solve difficult problems that are currently unsolved and which, if done well, can make a transformational difference in the lives of people. people.”
“All of our employees and partners have come together with a compelling force and a vision to build an institution that creates meaningful shareholder value and has a material positive impact on the ecosystem in which we operate.”
“india the current financial wealth of households is approximately $3 trillion and is expected to grow 17-18% over the next decade. This is happening at a time when interest rates India are at historically low levels. This, coupled with rising inflation and longer life expectancies, will drive the need for sophisticated alternatives to bank deposits in the form of fixed income securities, private debt and other instruments with long-term returns. Neo Group, through its multiple activities, will strive to fill this gap and provide its clients with reliable, transparent and impartial investment solutions.,” he added.
The company has raised approximately $40 million in funding from partners and private investors and currently manages assets of more than $1 billion.
About Neo Group
Neo Group is a new asset management and financial advisory platform that aims to provide reliable, transparent and unbiased financial solutions to its clients. Set up by Nitin JainNeo Group aims to educate, enhance and empower investors with optimal and valuable accretive financial tools for a safe and balanced future.
Neo Group’s asset management, multi-family office and retail businesses seek to serve both institutional and retail clients, through best-in-class global governance standards, innovative services focused on technology and a highly skilled team with deep domain expertise across all of its operations.
For more information, please visit www.neo-group.in
SOURCE Neo Group