Waterfield Advisors, an India-based advisory firm, has named Munish Randev as new chief investment officer for its multi-family office business.

Additionally, Waterfield has also hired Amit Shah as new director of corporate advisory services, according to Cafemutual.

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The duo will be based in Mumbai in their new roles.

Randev joined Waterfield from Avendus Wealth where he worked for more than 4 years as the head for investment advisory. Prior to this, he has worked with Fidelity Funds Group and ABN Amro Bank.

Prior to joining Waterfield, Shah most recently served as senior director of investment banking with Avista-Houlihan Lokey.

Soumya Rajan, managing director and CEO of Waterfield Advisors said: "Munish expertise on alternate products will also help us become more relevant to the fast developing family office segment in India and abroad.

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"Complementing Munish’s skills will be Amit’s experience and knowledge in the corporate advisory space which will be invaluable to the family owned businesses that we work with as the firm’s advisory focus is towards providing holistic solutions to our clients in both the wealth management and corporate advisory space," she added.