Oppenheimer To Offer Consultancy To Banks, Fis

The US-based Oppenheimer Asset Consulting Services, a full service investment bank with almost $40billion in assets under management, is focusing on providing asset consulting services in India.

Oppenheimer has been in India as a foreign institutional investor since 1994 through its $500 million India dedicated fund, the Oppenheimer India Fund. In 1996, the house launched the $140 million Oppenheimer India private equity fund.

Now the company is looking to provide Indian institutions with a one-stop asset management program.

Rohit Aggarwal, New York-based executive director, Oppenheimer & Co, is currently in Mumbai to initiate talks with banks and institutions.