The new CEO of the wealth business has had a number of roles at Standard Chartered and before that, at HSBC Private Banking.

India-based Avendus Wealth Management has recruited former Standard Chartered figure Nitin Singh as its chief executive.

Singh, who also holds the title of managing director, will report to Kaushal Aggarwal and Gaurav Deepak, co-founders and MDs, Avendus Capital. 

At Standard Chartered, Singh was MD and head of the wealth management business in India, Avendus said in a statement earlier this week. 

Prior to Standard Chartered, Singh was global head of fund strategy at HSBC Private Bank, responsible for long-only mutual funds and ETF product offerings. At HSBC, he established the global funds desk in London with responsibility for fund selection, strategic partnership programmes with asset managers, and led the distribution efforts for mutual funds and ETFs across the Private Bank customer base, globally. He is a postgraduate from the Indian Institute of Management Bangalore with a graduate degree in economics. 

Avendus Wealth Management, the wealth business of Avendus Group, manages $4 billion in assets under management. Started in 2010, it serves a wide range of clients including leading family offices, ultra-high net worth individuals and corporates.