The biggest market, the US, has had the same query year in 2022. This is the only year when the S&P500 and US Treasuries have negative returns –possibly the worst year for a conventionally balanced 60:40 portfolio since 1974.
Outlook Business, 20th January 2023
LGT WEALTH INDIA, a private wealth management company and part of the LGT Group, announced the appointment of senior leaders as part of its top management team. In September 2022, the company announced its foray into the Indian wealth management sector.
The company said that these new hirings signify the organisation’s commitment to meet the growing demand in wealth management for family offices, high net-worth individuals (HNIs) and global investments in the Indian wealth planning industry.
The new names added to LGT Wealth’s top management are Nimish Shah who joined as managing director (MD) for family office and portfolio analysis, Nikhil Advani as MD for international business, and Gautam Sewani as the MD for private clients.
Shah brings over two decades of varied experience in capital markets, cross-asset classes, investment products and platforms. Previously he was associated with Waterfield Advisors as the chief investment officer. His primary responsibility at LGT Wealth India will reportedly be driving the Indian family offices and portfolio analytics segments.
Advani joins the company with a mandate for strengthening and leading the global investing platform along with the international business segments of the organisation. Previously, he was a consultant at the Bank of Singapore where he spent more than a decade fulfilling his roles and responsibilities. He has also worked with Citibank Singapore and Merril Lynch.
With him over 21 years of experience in the wealth management industry, Sewani was previously associated with Kotak Wealth Management, where he was responsible for driving the distribution and advisory business for the north and east zones. He has also worked at Citibank and HSBC across Delhi and Mumbai for a decade.
“We have the right supply, we have the right products and services and now with our established team, I am confident of LGT Wealth India taking its place among the long-standing global wealth management companies in India,” said Atul Singh, MD and chief executive officer (CEO) of LGT Wealth India.