Previously, the firm’s PWM business in Chennai has been managed from Bangalore, headed by Vinay Ahuja, market director for the Southern region, who joined Morgan Stanley in January this year.

The Chennai branch will also be headed by Ahuja, supported by a team of associates and customer service professionals.

The team is expected to grow further over the next 12 months, Morgan Stanley said.

Morgan Stanley head of PWM sales in India Himanshu Bhagat said they believe that India’s wealth management industry is at the threshold of the next phase of growth where product innovation and tailored services will be the critical differentiators to meet the growing needs of clients.

"With its established family businesses and emerging entrepreneurs, we believe Chennai represents an important and growing market for our wealth management advice and services," Bhagat added.

Building on the firm’s established presence in India, Morgan Stanley launched its domestic Private Wealth Management platform in 2008.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The business provides wealthy individuals and families across India with investment products and services, as well as access to the firm’s global resources normally reserved for institutional clients.

Headquartered in Mumbai, India PWM has offices in New Delhi, Kolkata, Bengalaru and Chennai.