Edelweiss Asset Management, a subsidiary of Edelweiss Financial Services, today promoted Radhika Gupta as the chief executive effective tomorrow.
Gupta replaces Vikaas Sachdeva, who has decided to move on to pursue other interests.
Prior to this elevation Gupta was heading Edelweiss Multi Strategy Funds Management, a leading alternative asset manager, and a part of Edelweiss’s USD 7.5 billion global asset management business.
Nitin Jain, CEO, global asset & wealth management business at Edelweiss Group, said the company is excited about the domestic asset management opportunity.
Edelweiss AMC today has among the widest asset management platforms with capabilities across long only equities, fixed income, risk adjusted strategies, offshore funds and ETFs. Over the past year, it has significantly expanded investments and sales talent especially with the integration of the JP Morgan mutual fund business, he said.
Gupta was responsible for setting the strategic direction, overseeing investments, sales and distribution, and is credited with growing the business over 10 times in just over 30 months.
Prior to joining Edelweiss in 2014, she was a portfolio manager with the US-based AQR Capital Management, which now manages over USD 170 billion assets, and a consultant with McKinsey & Company. Later she co-founded Forefront Capital Management a boutique PMS and AIF manager, which was acquired by Edelweiss in 2014.
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Source: dnaindia.com