InCred is aggressively scaling its wealth management operations by recruiting three high-profile executives from Avendus. This strategic talent acquisition is designed to anchor a newly launched platform specifically tailored for ultra-high-net-worth individuals (UHNWIs) in India.
The move follows a period of significant growth for InCred’s wealth division, which has officially crossed the milestone of one lakh crore in assets under management. By integrating this seasoned leadership team, the firm aims to refine its service offerings for the country's growing base of elite investors.
Targeting the Elite Wealth Segment
As India experiences a sharp increase in its ultra-wealthy population, financial institutions are competing to capture a larger share of sophisticated capital. InCred’s latest initiative positions the company to provide personalized, high-touch advisory services to this flourishing demographic.
The firm plans to leverage its new hires' expertise to gain a competitive edge in the ultra-luxury segment, signaling a shift toward more specialized wealth management solutions in the local market.
