Edelweiss Wealth Management (EWM) has announced the appointment of Pankaj Razdan as Vice Chairman and Managing Director.
In his new role, Razdan will lead strategic initiatives for EWM and work with CEO Nitin Jain, who will continue to drive business operations. Most recently, Razdan was the Deputy Chief Executive of Aditya Birla Capital. He has a long track record of building large retail, HNI and Institutional franchises in India and overseas.
Razdan has led and steered multiple large financial services verticals to leadership positions over the last two decades, according to a statement.
At Aditya Birla Capital, he oversaw multiple existing businesses such as Asset Management, Offshore, Distribution, Broking, Wealth Management, Capital Markets and Real Estate Private Equity. He is also credited with launching various new lines of business such as a Real Estate Fund, a Private Equity Fund, Offshore Asset Management, SME lending, etc.
Nikhil Srivastava, Partner and Managing Director, Head of India Private Equity, PAG, said, “Pankaj is a valuable addition to the existing stellar management team at EWM. Given the scale of our ambition and the size of the opportunity in India, EWM will always be looking to align with talented individuals like Pankaj who share its vision. Pankaj has a track record of creating inspirational visions for himself and his teams and expanding the boundaries of what’s possible in a business or a market.”
Rashesh Shah, Chairman, Edelweiss Group, said, “Pankaj brings with him more than 20 years of experience in building businesses and expanding the edges of existing ones. In his role as Vice Chairman and MD at EWM, Pankaj will help grow the franchise, further strengthen EWM’s market position and create long-term value for all stakeholders.”
Pankaj Razdan, Vice Chairman and Managing Director, Edelweiss Wealth Management, said, “PAG and EWM have a shared vision of building a unique and unrivalled client-focused business, and I’m very pleased to be working with CEO Nitin Jain on this opportunity. Together with PAG’s global expertise, I am certain that we will create a world-class franchise.”
Edelweiss Wealth Management is owned 61.5 per cent by PAG, one of the world’s largest Asia-focused investment groups, and 38.5 per cent by Edelweiss Group.
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