About Nuvama
Nuvama Group (formerly Edelweiss Wealth Management) is backed by the trust and reputation earned through over 25+ years in the Indian market and strengthened by strong institutional ownership with PAG as the promoter of company, a leading investment firm that has been advancing the world of private equity, real assets and credit & markets, in the APAC region for over 2 decades
Built on a client-first foundation, Nuvama is here to present a fresh perspective on wealth management. We are a fully integrated platform that offers support to entrepreneurs, promoters, high and ultra-high net-worth individuals, corporate and institutional investors. Our vision is to provide our clients with comprehensive and tailored solutions across wealth management, asset management, capital markets and advisory
Our Purpose
We always put your interest over ours. Period.
This is the Nuvama philosophy where we believe that you, the client, are the very reason for our existence. We always put you first by deeply understanding your dreams and aspirations and only recommending what’s best for you, thus making us the partner of choice at every step in your journey.
We are driven by technology and an integrated ecosystem that caters to the unique needs of a diverse clientele including ultra high net-worth and high net-worth individuals, salaried professionals, professional traders and institutions. Our highly experienced and reliable management team comprising of stalwarts in the industry have been through multiple business cycles and have a deep understanding of the industry. With their diverse skill sets they help our clients to realise their financial aspirations.
Here is what sets us apart
- One integrated platform catering to a diverse client base – Mass affluent, professionals traders, HNIs/UHNIs and institutions
- Technology-driven platforms that respond, adjust & adapt to investment trends
- A strong established lineage of more than 25+ years
- Deep industry knowledge and diverse skill sets that help us devise tailor-made solutions
- Experienced management team comprising the founders of PAG and Edelweiss
Meet our
team
Mr. Birendra Kumar
Chairman &
Independent Director
Mr. Birendra Kumar is an independent director and Chairman of the Company and an Independent director on the boards of three material subsidiaries of the Company, chairing two of these subsidiaries. He is also Executive Director, Wisler Investment Management Private Limited, managing AIF for Blackstone Tactical Opportunities Singapore since February 2019.
Mr Kumar was earlier an independent director and Chairman of Advait ARC Pvt Ltd (July 2021 -August 2022). He was Senior Advisor at Duff & Phelps India (November 2018-november2020). He was non-executive Vice Chairman of International Asset Reconstruction Company Private Limited (IARC) (September2018-May2019) prior to which he was IARC’s Founder, Managing Director & CEO (March2007-August2018).
Mr. Kumar has been a career banker with over five decades of rich and diverse experience in commercial, credit, investment and international banking in India and abroad. Mr. Kumar retired as Deputy Managing Director & Chief Credit Officer of State Bank of India (SBI) in April 2002. He previously led SBI Capital Markets Limited for over three years as Managing Director& CEO. His international roles in SBI included Representative, Washington, President & CEO of SBI (California) and CEO of the Los Angeles Agency.
Mr. Kumar has wide experience in distressed assets sector and asset reconstruction industry. He was Advisor (Business Recovery Services) at PwC (July2002-February2007). He has served on various expert groups of Reserve Bank of India and Government of India and has been associated with industry bodies such as ASSOCHAM, CII and FICCI. He was Chairman of Association of ARCs in India for close to 7 years till the end of March 2018 and is presently member of advisory board of Association of ARCs in India. He is very well networked in the financial sector.
Mr Kumar is MSc in Mathematics from St. Stephen’s College, University of Delhi, and a Certified Associate of the Indian Institute of Banking.
Mr. Ashish Kehair
Managing Director & CEO
Mr. Ashish Kehair, the Managing Director and CEO of Nuvama Wealth Management Limited, has been instrumental in shaping Nuvama Group’s strategic direction and expansion of business across geographies. Under his leadership the group has built a scaled and diversified wealth management platform serving affluent, HNI and UHNI families and individuals. He has also spearheaded a focused alternative asset management franchise and helped sustaining leadership in capital markets.
Mr. Kehair has 26 years of extensive experience in the financial services sector, with a diverse background spanning Private Banking, Wealth Management, Asset Management and Treasury, both in Indian and offshore markets.
In the past, he was associated with IDFC Bank as Head, Wealth Management & Private Banking and was part of the Senior Management team that was significant in building differentiated franchises across all segments of the Bank. His past associations also include ICICI Securities Ltd, ICICI Bank & TAIB Bank E.C. (Asset Management).
Mr. Kehair is a professionally qualified Chartered Accountant & Cost Accountant.
Mr. Shiv Sehgal
Executive Director
Mr. Shiv Sehgal is President and Head, Nuvama Capital Markets. He provides leadership to one of India’s largest equity franchises and is responsible for the Capital Market businesses which includes Institutional Equities (covering sales, research and trading) and Asset Services.
Mr. Sehgal has worked in the investment management and financial services industry for over two decades, the majority of which has been in emerging market funds in the pan-Asia markets. Prior to his current role, Mr. Sehgal led the Goldman Sachs Institutional Sales Trading, Equity Capital Markets business in India, responsible for the firm’s franchise relationships. Mr. Sehgal was also appointed to the Goldman Sachs India board to oversee day to day operations and provide executive leadership on various firm committees.
Mr. Sehgal is a Chartered Financial Analyst from the CFA Institute, USA and holds a Masters in Banking and Finance from Griffith University, Brisbane who has worked in Indian and Abroad.
Ms. Anisha Motwani
Independent Director
Ms. Anisha Motwani has been a consulting advisor with the World Bank on the prestigious ‘Swachh Bharat Programme’, ‘Adoption of Solar Rooftops’ & National Mission for Clean Ganga.
Ms. Motwani serves as an Independent Director on the board of some leading organizations. Ms. Motwani is a multi-faceted business leader & draws from her rich experience of over 30 years in diverse industries – FMCG, automobiles, financial & health services. After a successful 25 year of corporate career, Ms. Motwani founded Storm the Norm venture in 2015, a company specializing in Brand, Digital & Innovation Projects. Ms. Motwani brings in new perspectives on how businesses can challenge the conventional norms & storm them in a way that will help them re-wire to succeed in a disruptive world.
She is the author of 2 bestselling books; Storm the Norm – a first-of-its-kind collection of 20 contemporary stories of truly inspiring businesses & She Storms – a groundbreaking book that celebrates the extraordinary journeys of 17 women who defied norms & shattered barriers
Ms. Motwani is on the Advisory Board of IIHMR, India Diversity Forum & a regular speaker at national and global business platforms.
In recognition of her achievements, Ms. Motwani was voted as one of the ‘50 Most Powerful Women in Indian Business’ by Business Today for three consecutive years since 2009.Ms. Motwani has also been recognized amongst the ‘Top 50 Women in Media, Marketing and Advertising’ by Impact & Colors for 4 consecutive years since 2011. Ms. Motwani has been conferred ‘Women at Work Leadership Award 2011’ by Asian Confederation of Business and ‘Brand Builder of the year’ award by NDTV amongst many others.
Mr. Tony Miller
Non-Executive Director
Mr. Tony Miller is a Partner of PAG and is CEO of PAG Japan Limited. PAG is an Asia based investment management firm with approximately $55 billion in assets under management. He has been at PAG since 2009 and is on the board of Paciric Alliance Asia Opportunity Fund. Previously he was with Ramius Capital Group, an alternative asset manager based in NYC where he served as Partner and head of Asia, managing their business from Hong Kong. Prior to Ramius, Mr. Miller was a Managing Director at The Carlyle Group, serving as head of their Hong Kong office. Mr. Miller originally came to Asia as a Managing Director for Bear Stearns Asia where he was head of Corporate Finance for Asia. Previously he had been a Managing Director for Bear Stearns in NYC and prior to that, he was an associate at Dillon Read & Co., also in NY.
Mr. Miller is currently a member of the Boards of Directors of Nuvama Wealth Management Group (Indian investment bank), and Joyson Safety Systems (formerly Takata Corporation of Japan). He was formerly a board member of Universal Studios Japan, Research Environmental Industries and The Fruehauf Trailer Company. He is a Trustee of the American School in Japan and a member of the Asia Pacific Development Council of Habitat for Humanity where he is an active supporter of Habitat’s efforts to provide housing to developing countries in Asia. He is a member of the Council of Foreign Relations and the World Economic Forum.
Mr. Miller received his MBA from Harvard Business School, graduating in 1983 and received his BA from Brown University in 1979. He was born in Chicago and attended The Francis Parker School,
Mr. Miller has overall experience of approximately 35 years.
Mr. Aswin Vikram
Non-Executive Director
Mr. Aswin Vikram has completed his Bachelor of Technology degree from the Indian Institute of Technology, Madras in 2007 and his Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore in 2009
Mr. Vikram has been with PAG since November 2019 and has been working in the private equity industry since 2011
Mr. Kamlesh Shivji Vikamsey
Independent Director
Mr. Kamlesh Shivji Vikamsey has vast experience of over 40 years in the field of auditing, taxation, corporate & personal advisory services, business & management consulting services, due diligence, valuations, inspections, investigations. As the Chairman of Audit and Advisory Committees of various international organizations during his career, he has hands on operational experience to bring pragmatic solutions to complex management and financial issues. He is a Chartered Accountant and has been a former President of The Institute of Chartered Accountants of India.
Mr. Navtej Nandra
Independent Director
Mr. Navtej S. Nandra has over three decades of experience across consulting and financial services. In addition to Nuvama, he serves as an independent director of Percent Technologies. He has served on various boards, including, Edelweiss Financial, Huaxin Fund Management, Nuveen Investments, OakNorth Bank, Pidilite USA, and the Centres for Governance, Institutions and Organizations (CGIO), and Asset Management Research and Investments (CAMRI). He was also a Distinguished Visiting Fellow at the National University of Singapore
His work experience includes President of E*TRADE Financial, CEO of Morgan Stanley Investment Management Ltd., ExCo roles at Merrill Lynch Global Wealth Management, Merrill Lynch Global Investment Banking, Cambridge Group, and Partner at BoozAllen and Hamilton.
He holds a Post Graduate Diploma in Management from IIM, Ahmedabad, and a Bachelor of Commerce Degree from the University of Delhi.
Mr. Nikhil Kumar Srivastava
Non-Executive Director
Mr. Nikhil Kumar Srivastava has a Bachelor’s degree in Electrical and Electronics Engineering from the Birla Institute of Technology and Science (BITS) Pilani, a Master’s degree in Electrical Engineering from Stanford University, and an MBA from Harvard Business School.
Mr. Srivastava joined PAG in April 2019 to start PAG’s India office. He is a Partner and Managing Director, Head of India Private Equity at PAG, one of Asia’s largest alternative investment managers with USD 55 billion in assets under management. Before joining PAG, Mr. Srivastava spent almost a decade at Kohlberg, Kravis and Roberts (KKR), evaluating and investing in various investment opportunities across India, Singapore, and the United States. Mr. Srivastava has also worked at Goldman Sachs and Co. Inphi Corporation in California.
Mr. Sameer Kaji
Independent Director
Mr. Sameer Kaji has an experience which spans a range of industries and geographies for the last 30 years with key focus areas of growth strategy, mergers & acquisitions, operational improvement, transformation and turnaround. As a first-generation entrepreneur for more than 20 years, he has hands on operational experience to bring pragmatic solutions to complex management, manufacturing, or financial issues for company management. He is a graduate and has done is master’s in business administration – Entrepreneurship and Finance from Babson F.W. Olin Graduate School of Business, Wellesley, Massachusetts, USA
Mr. Ashish Kehair
Managing Director & CEO
Nuvama Group
Ashish Kehair is the Managing Director and Chief Executive Officer of Nuvama Wealth Management (formerly Edelweiss Securities Limited). Being a key member of the Executive Committee, he has been instrumental in formulating the strategic direction of the business. He has helped co-create and drive the business strategy while geographically expanding the wealth management segment.
With over 23 years of experience in the financial services sector, Ashish has strategized and executed full advisory processes, customer-focused asset allocation and profiling models. He was associated with IDFC Bank as Head – Wealth Management & Private Banking – Third Party Products and was part of the Senior Management team that was significant in building differentiated franchises across all segments of the Bank. His past associations include ICICI Securities Ltd, ICICI Bank & TAIB Bank E.C. (Asset Management).
Throughout his career, Ashish has been involved in diverse areas of finance including, Wealth Management, Asset Management, Investment Structuring, Venture Capital and the Private Equity domain.
Ashish is a professionally qualified Chartered Accountant & Cost Accountant.
Mr. Rahul Jain
President & Head
Nuvama Wealth
Rahul Jain heads Nuvama Wealth, the wealth management business for salaried professionals and HNIs. He started his journey with the company in 2008 as a Zonal Business Head and today has over 14 years of professional experience in driving new business lines as well as growing existing ones.
A firm believer in customer centricity, he has been credited for evolving the retail advisory business into a full-fledged wealth management business. An innovator at the core, he explored products like mutual funds, insurance, real estate, currency, ESOP funding, structured products, bonds etc. and has enabled the business to offer multi-asset value proposition to its customers.
In his previous roles, Rahul headed the retail broking division of ABN AMRO India, and ICICI Bank as Regional Product Manager – Broking.
Rahul is a Post Graduate in Business Administration from IMT Ghaziabad with specialization in Finance.
Beyond work, Rahul loves travelling and is also an avid reader.
Mr. Alok Saigal
President & Head
Nuvama Private
Alok Saigal is President and Head of Private Wealth at Nuvama Wealth Management (formerly known as Edelweiss Securities Limited). Alok joined the company in 2014 and has been a key leader in the transformation and scale up of the wealth business. He founded the Family Office practice, introduced Wealth Structuring and Estate Planning for ultra HNI customers and also oversaw the Products and Investment Advisory.
Alok has over 20 years of work experience. Prior to Edelweiss, Alok was associated with Darashaw. He set up and anchored the company’s business in Singapore with a focus on Wealth Management and strategic initiatives. Post this global exposure, he spearheaded the Investment Management and Private Client platform at Darashaw in Mumbai. He has also been associated with HDFC Bank where he looked after Funding & Banking Solutions for large Indian Corporates and MNCs as part of the corporate banking group.
Alok holds a master’s degree in Economics from the Delhi School of Economics, Delhi University.
Mr. Santosh Pandey
President & Head
Nuvama PCG
Santosh has been leading the leads the Professional Clients Group (PCG) business for the group since 2017. Under his astute guidance, the team has been applying new and innovative ideas to provide clients with a robust and profitable portfolio management service.
Santosh joined the Edelweiss Group in 2007 as Senior Manager, Advisory in the PCG business. He has been the backbone in the transformation and scaling up of the business. With a comprehensive experience of 15 years in diverse fields like managing a branch/region, customer relationships, training people, acquiring clients and product development support, he has an exemplary track record of achieving targets by delivering impeccable consumer insights, portfolio optimization and market forecasting.
Prior to joining Edelweiss, Santosh worked with HDFC Securities, Karvy Stock Broking Firm & Gajanan Securities.
Mr. Anshu Kapoor
President & Head
Nuvama Asset Management
Anshu Kapoor heads the Asset Management business at Nuvama, where he leads initiatives to create an alternatives assets platform (private equity and hedge funds).
Anshu joined the Edelweiss Group in 2010 to start the private wealth business. Driven by a vision of creating “the world’s most customer-centric” wealth management business, Anshu grew the business 15x in 7 years, bringing the business to one of the top 3 positions in the industry.
Prior to joining the firm, Anshu was a Director at Merrill Lynch, where he was instrumental in developing the wealth management business across India, Middle East, Asia Pacific and North America. Anshu has also worked in leadership positions in consumer banking and capital markets with HSBC and ICICI Bank.
Anshu is passionate about scaling up businesses, technology and is an avid travel photographer. He is married with three kids.
Mr. Shiv Sehgal
Executive Director
Mr. Shiv Sehgal is President and Head, Nuvama Capital Markets. Mr. Sehgal provides leadership to one of India’s largest equity franchises and is responsible for the Capital Market businesses which includes Institutional Equities (covering sales, research and trading) and Asset Services.
Shiv has worked in the investment management and financial services industry for close to two decades, the majority of which has been in emerging market funds in the pan-Asia markets. Prior to his current role, Shiv led the Goldman Sachs Institutional Sales Trading, Equity Capital Markets business in India, responsible for the firm’s franchise relationships. Shiv was also appointed to the Goldman Sachs India board to oversee day to day operations and provide executive leadership on various firm committees. Before joining Goldman Sachs, India, and NBS, Shiv was CEO of Artha Capital, Singapore.
Shiv has extensive experience of working in long-short emerging market hedge funds in Sydney and Singapore. He is a Chartered Financial Analyst from the CFA Institute, USA and holds a Masters in Banking and Finance from Griffith University, Brisbane.
Mr. Satyen Shah
President & Head
Nuvama IB & Fixed Income
Satyen Shah is President and Head, Nuvama Investment Banking and Fixed Income. Satyen has rich experience of over 22 years in the financial services industry and has been associated with the firm for over 20 years. He has played a pivotal role in building and scaling up the investment banking business particularly capital markets, financial services and financial sponsors teams.
Satyen has strong relationships with various corporate houses across sectors such as financial services, consumer, healthcare, infrastructure, technology and manufacturing, as well as with global investors. He has successfully led over 400+ transactions across capital markets, private equity and M&A advisory.
Satyen is a Chartered Accountant and holds a Bachelor of Commerce degree from Mumbai University.
Mr. Bharat Kalsi
Chief Financial Officer & Head of Strategy
Nuvama Group
Bharat Kalsi is the Group Chief Financial Officer (CFO) & Head of Strategy of Nuvama Wealth Management. He leads the Group’s finance vertical and provides leadership on all aspects of financial reporting, financial planning & analysis, business planning, tax management, treasury, investor relations, and corporate strategy.
Bharat has over 24 years of extensive experience across finance, investments, corporate strategy, M&A, working with regulatory bodies, product developments etc. and worked in various large groups such as HCL, HSBC, Max, Tata & Bajaj group. In his last assignment, he was associated with Bajaj Allianz Life Insurance as the CFO, Head of Product & CS functions.
Bharat is an MBA Finance, CFA & CPA.
Mr. Riyaz Marfatia
President & COO
Nuvama Group
Riyaz Marfatia is the President and Chief Operating Officer of Nuvama Wealth Management and is responsible for functions such as Corporate Planning and Strategy, Business Planning, Investor Relations, Risk, Legal & Compliance, Admin, Internal Audit and Company Secretarial.
Riyaz has close to two and half decades of experience in banking and financial services. He has been with Edelweiss since 2014. He joined as a core member of the Wealth Management team and helmed the Advisory business in Private Wealth Management, where he was responsible for crafting unique solutions for the HNI group.
Prior to joining Edelweiss, he was associated with HDFC Bank for over 15 years where he worked in multiple roles in banking with extensive experience in Asset Product and Channel management, Capital markets, Treasury and Private Banking. His expertise lies in origination and deep understanding of client relationships.
Riyaz has rich experience of running large teams and the ability to take people along to drive timely execution. Over the years he has built long-lasting partnerships with his clients through his strong interpersonal skills.
Mr. Jasbir Kochar
Chief Human Resources Officer
Nuvama Group
Jasbir Kochar, the Chief Human Resource Officer (CHRO) of Nuvama Group, assumes a critical role in sculpting and executing human resource strategies that align seamlessly with the company’s business goals. With over 25 years of extensive expertise in HR practices, he has honed his skills across diverse industries, including pharma and manufacturing.
Having held influential leadership positions at renowned organizations such as Tata Steel and Cipla, Jasbir brings a wealth of experience to the table. His proficiency in various HR verticals promises to fortify and elevate Nuvama’s Human Resource department to new heights.