Sanctum Wealth Management, the Indian Wealth Management firm created through the acquisition of RBS’ India Private Banking business, announced the launch of its branch operations in Kolkata. Anila Ahuja, Co-founder and Market Head – North, Sanctum Wealth Management will oversee Sanctum’s operations in Kolkata.
Commenting on the launch, Shiv Gupta, CEO, Sanctum Wealth Management said, “We are delighted to commence branch operations in Kolkata. This launch is a major milestone for us and we look forward to providing on-the-ground service to our clients in addition to the wealth management services delivered through resources located across the country. This branch will act as a hub for the Eastern region through which we will seek to strengthen our position in an important geography.”
Kolkata has a rich entrepreneurial demographic having played host to some of the earliest industries in the country and is home to a large number of individuals and families who are sophisticated users of financial services. It is instructive to note that it has the largest number of investors in equities and derivatives after Mumbai.
Sanctum comprises professionals with a long history and deep experience in domestic and international markets which, in addition to Kolkata, operates via 4 offices located across Mumbai, Bangalore, Delhi and Chennai. The firm is a fully licensed stockbroker, mutual fund distributor, depository participant and portfolio manager.