Blackstone's ask group to boost private banker team in India
Blackstone's ASK Group is gearing up to hire 70 new private bankers in India by March, growing its team from 105 to 175.
This big push comes as more Indians are building wealth and rivals like 360 One WAM and Nuvama Wealth step up their game.
Right now, ASK manages $6 billion for over 3,700 families.
ASK wants bankers who align with their values
ASK isn't just looking for any banker—they want folks who vibe with their values and aren't just chasing risky deals or hopping jobs.
CEO Rajesh Saluja says it's about finding the right fit for long-term growth.
Since Blackstone took a majority stake in 2022, they've managed $8.6 billion across investments and wealth services.
Saluja sees Indian investors leaning toward gold, fixed income options
Saluja sees Indian investors leaning toward gold, fixed income options, and equity index funds lately.
He believes a steady, balanced approach is key as more people look for personalized financial advice in India's fast-changing market.