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Centrum to manage wealth of Lakshmi Vilas Bank's HNI clients

Centrum will offer its existing portfolio of wealth management services to the bank's HNI clients

Jaspal Bindra, executive chairman, Centrum Capital
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Jaspal Bindra, executive chairman, Centrum Capital

Anup Roy Mumbai
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