In a first of its kind tie-up in the country, Chennai-based private sector lender Lakshmi Vilas Bank (LVB) is in the process of a pact with Centrum Group, where the bank will refer its high net worth individuals (HNI) to Centrum for wealth management and family office services.
Centrum will offer its existing portfolio of wealth management services to the bank’s HNI clients.
Centrum, promoted by Chandir Gidwani and Jaspal Bindra, will conduct the business through its wealth management arm, Centrum Wealth Management. This is the first time in the country that a private bank is engaging an independent professional wealth management

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