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June 30, 2009updated 04 Apr 2017 3:56pm

Morgan Stanley appoins peivate wealth advisor in Mumbai

Morgan Stanley (NYSE:MS) has appointed Sandeep Jain as the Firm's Private Wealth Management (PWM) division as a Private Wealth Advisor in Mumbai. Mr. Jain joins the Firm from Ambit Capital where he was the Director and Head of Private Client Group.

By Verdict Staff

"We are delighted to have Sandeep on the team." said Himanshu Bhagat, head of Sales for Morgan Stanley’s PWM activities in India. "With Sandeep’s rich experience, we are confident that our mission to provide clients the finest financial thinking and products continue as we add meaningful resources to our business in India."

Mr. Jain has over sixteen years of experience in capital markets and stock broking and over four years in merchant banking. In his diverse experience in capital markets, one of his key areas of focus included developing innovative investment products tailored for high net worth individuals. At Ambit Capital, Mr. Jain led a team of over twenty Private Wealth Advisors and managed an AUM of US$800 million.

Mr. Jain also worked at Anagram Stockbroking Limited and Sharekhan Limited. He has a Post Graduate degree in Business Administration from Pune University.

Last month, Morgan Stanley Private Wealth Management hired Prashant Shah and Vedukumar Prasanna from Kotak Securities and Tarun Chadda from HSBC Investsmart. These recent hires strengthened PWM’s equities capabilities.

Morgan Stanley Private Wealth Management, a division of Morgan Stanley Smith Barney LLC, provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the United States, Latin America, Europe, the Middle East and Asia. Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.

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