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Pankaj Razdan likely to join Edelweiss Wealth Management as VC and MD
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Pankaj Razdan, a financial services industry veteran, is likely to join Edelweiss Wealth Management as its vice chairman and managing director, said people familiar with the matter.
Pankaj Razdan, a financial services industry veteran, is likely to join Edelweiss Wealth Management as its vice chairman and managing director, said people familiar with the matter. The board of Edelweiss Wealth, in which leading Asia-focused private investment manager PAG bought 61.5% recently, is expected to decide on the matter soon, the people said.
“Pankaj Razdan will work closely with Nitin Jain who will continue to drive the operations,” said one of the people. Jain is the chief executive office of Edelweiss Wealth, which was acquired by PAG from Rashesh Shah-controlled Edelweiss Group.
India: PAG to rope in financial services veteran Pankaj Razdan to lead Edelweiss Wealth
Photo: Reuters
April 8, 2021
Asia-focused investment firm PAG is hiring Pankaj Razdan, former deputy chief executive of Aditya Birla Capital, to lead its biggest buyout in India – Edelweiss Wealth Management (EWM), where it recently picked up a 61.5% stake for Rs2,366 crore, said a person aware of the development.
Razdan is the frontrunner to join as vice chairman and managing director of EWM, the person added.
“Pankaj Razdan will be at the forefront of PAG’s strategic initiatives. He would be working closely with CEO Nitin Jain, who will continue to drive business operations. The announcement is likely to be made this week,” he said.