New Delhi, June 29, 2022: IIFL Wealth Management today announced the appointment of Mr. Nikunj Kedia as Head of Products at IIFL Wealth. Nikunj, who has been with IIFL Wealth since 2010, has been internally elevated to this role. He was instrumental in setting up the business in Kolkata, Chennai and Hyderabad besides being responsible for the offshore business based in Singapore.
In his new role, Nikunj will be responsible for third party fund manager due diligence and selection, alternative investments and deal sourcing.
Nikunj started his career with American Express Financial Advisors and has close to two decades of experience in the financial services industry with a wide range of expertise in advisory and wealth management. Prior to joining IIFL Wealth Management, Nikunj had founded Park Financial Advisors, with a focus on fee-based financial planning, which was acquired by Karvy Private Wealth in 2009.
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Karan Bhagat, Founder, MD & CEO, IIFL Wealth and Asset Management, commenting on the appointment said, “Our innovative product offerings remain a cornerstone in IIFL Wealth’s journey and success. We are very excited to have Nikunj take on this leadership role to further enhance and expand our product portfolio. Nikunj’s deep domain expertise, leadership skills and strong connect with the industry manifests our approach of identifying effective leaders and providing them the opportunities to create a greater impact for our clients, company and stakeholders.”
Commenting on the elevation, Nikunj Kedia, Head – Products, IIFL Wealth said, “This is a great opportunity for me to work with a team that has led us to become one of the leaders in wealth and asset management. In today’s rapidly changing world, where customers increasingly demand nuanced products that can optimally cater to their specific needs, an increased focus on products has almost become table stakes. My focus will be on continuing the tradition to bring innovative solutions that serve the diverse wealth management needs of our esteemed clients.”
Nikunj is an alumnus of Indian Institute of Management, Ahmedabad and has completed all three levels of the CFA curriculum. He also holds a degree in Computer Science from St Xavier’s College, Kolkata.
IIFL Wealth Management
IIFL Wealth Management is one of the leading wealth management companies in India. It is the investment and financial advisor to more than 6800 relevant families in the High Net Worth Individuals (HNI) and Ultra HNI segments, with aggregate assets of more than INR 327,000 crore under management. It is the first pure wealth management company to get listed on the leading stock exchanges of India.
IIFL Wealth Management is one of the pioneers in the industry to bring about product innovations. The company has won 120 awards of repute since its inception in 2008, and its latest wins include the Best Domestic Bank and Wealth Manager award in India at WealthBriefing Asia Awards 2022 and Best for Wealth Transfer/Succession Planning at Asiamoney Private Banking Awards 2022. Earlier awards include the prestigious Best Investment Management Services and Best Innovative Technology Adoption awards for India in the Euromoney Private Banking and Wealth Management Survey 2021. At the Global Private Banking Innovation Awards 2021, it has received awards in categories such as the Most Innovative Wealth Management Service, Outstanding Estate Planning Advisory and Themed Investment Proposition.
Headquartered in Mumbai, IIFL Wealth Management has more than 900 employees and a presence in 4 major global financial hubs and 23 locations in India.
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