Financial industry veteran Nitin Jain launches asset management and financial advisory firm
BombayIndia , May 6, 2022 /PRNewswire/ — Nitin Jain, former CEO of Wealth and Asset Management at Edelweiss Financial Services, embarks on his entrepreneurial journey with the launch of Neo Group, a new asset management and financial advisory platform. The group will focus on four activities- neo worldNeo Asset Management, Neo Multi Family Office and Neo Leaf. Nitin has surrounded himself with an exceptional team of industry experts to lead each of Neo Group’s business lines:
- Varun Bajpaiformer Chairman – Edelweiss Wealth & Asset Management and former Country Director – Macquarie Group joins as CEO of neo world
- Hemant Dagaformer CEO Edelweiss Asset Management joins Neo Asset Management as CEO
- A Srikanth, Former Senior Vice President and Head of External Asset Managers at Edelweiss Capital and Former CEO Motilal Oswal Wealth Joins as CEO of Neo Multi Family Office
Nitin, over his illustrious career, has been instrumental in building and scaling multiple businesses at Edelweiss Financial Services, unlocking tremendous value for investors and shareholders. Under his leadership, Edelweiss Wealth Management has become one of the largest wealth management companies in India with assets above INR 2,00,000 crores under advice.
Neo Group’s management team has a combined experience of more than 100 years and ~$40 billion of advised assets.
The company’s strategy is to provide opportunities that can sustainably and responsibly increase investors’ income, enabling them to pursue their dreams. The Group’s underlying objective is to help india glorious aspiration for self-reliance and egalitarian prosperity and as a responsible corporate citizen, Neo Group is committed to doing good, with simplicity of service and purity of purpose.
Nitin JainCEO, Neo Group said, “We launched this platform with the aim of identifying and solving the financial challenges facing the Indian investment community by focusing on educating and empowering investors and providing them with tools optimal and valuable accretive financial assets for a secure and balanced future.”
“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 historic lows and the need for sophisticated and responsible financial advice offering high-yielding, inflation-fighting investment options is growing. Neo Group, through its multiple activities, will strive to fill this gap and provide its clients with reliable, transparent and unbiased investment solutions,” he added.
The company raised ~$40 million financing from private investors and currently administers assets of nearly $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 Jain (former CEO, Wealth and Asset Management at Edelweiss Financial Services), Neo Group aims to educate, improve and empower investors with optimal and 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 Indiathrough best-in-class global governance standards, innovative technology-driven services and a highly skilled team with deep domain expertise across all of its operations.
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SOURCE Neo Group