Centrum Wealth Limited hires senior professionals pan India

Centrum Wealth Limited hires senior professionals pan India

Centrum Wealth Limited, the wealth advisory arm of the diversified financial services major Centrum Group, has strengthened its team pan India by hiring senior industry professionals for its sales and product functions.

It has recently hired over 10 senior professionals in the last two months, to boost its client outreach. Senior private bankers formerly with domestic wealth management companies – Kartik Sabharwal, Siddhartha Kapila and Rahul Arora, each with almost. two decades of experience have come on board as managing partners. Vinod Khatri and Gaurav Dange, have joined from foreign private banks to further augment Centrum’s sales efforts.

Additionally, Umang Thakkar has joined as a senior member in the product team and will work towards strengthening the third party products platform. Further as part of its team expansion plans, Centrum Wealth plans to hire 50 additional members over the next few months across multiple functions.

Commenting on the recent team expansion, Deepa Poncha, director & head – Human Resources, Centrum Group said “Organised Wealth management players in India, currently manage only 12-15% of the total available wealth, whereas in developed nations, this number is as high as 50%. Attracting and retaining the right talent remains key to exploiting the huge growth potential. Our voluntary attrition is only 3% over the last 5 years, which is one of the lowest in industry, whereas our average vintage (employee lifecycle) is 5.5 years, one of highest in industry.”

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Author: Shirley