Nitin Jain, previous CEO of wealth and property management, Edelweiss Financial Providers, has actually introduced a property management and monetary advisory platform Neo Group.
The group will have 4 service verticals – Neo World, Neo Property Management, Neo Multi-Family Workplace and Neo Leaf, based on the main declaration of the business.
Each of the verticals is led by popular leaders in the monetary services market – Varun Bajpai, ex-president, Edelweiss Wealth & & Property Management and ex-country head – Macquarie Group is CEO of Neo World, Hemant Daga, ex-CEO, Edelweiss Property Management has actually signed up with as CEO, Neo Property Management, A Srikanth, ex-senior EVP and head, External Property Supervisors at Edelweiss Capital and ex-CEO Motilal Oswal Wealth is CEO, Neo Multi-Family Workplace.
” Neo Group’s management group includes a cumulative experience of over 100 years and ~$ 40 billion of properties under recommendations,” the business stated in its declaration
” We have actually introduced this platform with a function to determine and solve the monetary difficulties dealt with by the Indian investing neighborhood by concentrating on informing and empowering financiers and showing them with ideal and worth accretive monetary tools for a safe and secure and well balanced future,” stated Jain, chairman and MD, Neo Group.
” India’s present home monetary wealth stands at around $3 trillion and is most likely to grow at 17-18% over the next years. This is taking place at a time when rate of interest in India are at historical lows and the requirement for advanced and accountable monetary advisory offering inflation beating, high yielding financial investment alternatives is increasing. Neo Group through its numerous organizations will aim to fill that space and supply customers with trustworthy, transparent and impartial financial investment options,” Jain included.
The business has actually raised around $40 countless financing from personal financiers and is presently administering properties of nearly $1 billion.