Religare Enterprises (REL) will be acquiring Macquarie’s stake in its wealth management joint venture - Religare Macquarie Wealth Management. Post completion of the transaction and necessary formalities, the legal entity will be rechristened as Religare Wealth Management (RWML) and will form a part of the broader Capital Markets Business of Religare group.
The equal partnership joint venture (JV) was formed in 2007 to serve the fast growing Indian High Net Worth individuals (HNI) client base, leveraging Religare’ s local knowledge and Macquarie’s global expertise. As of March 31, 2013, the JV has close to Rs 2,800 crore assets under management serving over 4,800 clients through its committed team of professional wealth advisors.
Religare Enterprises (REL) is one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
The equal partnership joint venture (JV) was formed in 2007 to serve the fast growing Indian High Net Worth individuals (HNI) client base, leveraging Religare’ s local knowledge and Macquarie’s global expertise. As of March 31, 2013, the JV has close to Rs 2,800 crore assets under management serving over 4,800 clients through its committed team of professional wealth advisors.
Religare Enterprises (REL) is one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
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