L&T Financial Services is consolidating its position in the wealth management portfolio
L&T Financial Services, the financial services arm of global conglomerate Larsen & Toubro, is keen to strengthen its wealth management portfolio. It has recently launched a wealth management services unit in Dubai to offer wealth management solutions, including arranging deals in credit and investments, providing advice on financial products and services to the high net worth (HNW) individuals based in the UAE and the Gulf countries. The unit intends to target Indians settled in the UAE, who account for $15 billion in annual remittances, own more than 40,000 UAE companies and hold investments in the country worth an estimated $55 billion.
“We now have a CAT IV licensed entity in DIFC, Dubai, which caters to NRIs/ foreign nationals for either rupee or dollar investment vehicles,” says Manoj Shenoy, chief executive, L&T Capital Markets, which is the unit that manages wealth management portfolio of the company. “We have recently obtained advisory license for catering to large family offices and have started receiving pretty large mandates over there. Our product portfolio has been expanded to cater to specific client requirements,” he adds.
DUE DILIGENCE FRAMEWORK
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:
