Anand Rathi Wealth Management acquires Religare’s Wealth Management Business

MUMBAI: Anand Rathi Wealth Management has acquired Religare’s Wealth Management Business. Anand Rathi Wealth Management AUM is currently at Rs 10,000 crore, and post this deal, it will cross Rs 13,500 crore.

Commenting on this development, Mr Nalin Nayyar, Group CEO, Religare Enterprises Limited said,“ We are happy that we’ve found a great home and partner for our clients and employees. Anand Rathi Wealth Management business has grown multi-fold over the last few years and I am sure our clients and employees will benefit from their unique value proposition and proven track record.”

Mr Rakesh Rawal, CEO, Anand Rathi Wealth Management said, “With the acquisition, we also take on a significant responsibility - carefully integrating customers & employees from a firm as well-reputed as Religare. I’d like to assure all the clients as well as the employees associated, up until now with Religare, that we will treat them with care and sensitivity, endeavouring to deliver the highest quality of value addition”.