IIFL wealth management team moves to Yes Securities

MUMBAI: The entire research team from IIFL Wealth Management, led by Amar Ambani, has moved to Yes Securities. Ambani has been named president and head of research of Yes Securities’ broking business .

He has a 15 man team from the earlier company .

Yes Securities, the wholly-owned investment banking , broking and wealth management subsidiary of Yes Bank, has recently been capitalised by an additional Rs 99 crore by its parent, taking its provisional net worth to Rs 154 crore.