HONG KONG -- Metropolitan Partners' today announced it has agreed to team up with an asset management company in India. The transaction is expected to close later in the year, subject to regulatory approvals.
Metropolitan Partners' terms of the transaction were not disclosed.
Metropolitan Partners' already has an experienced team of three based in Mumbai, headed by Mr. Anil Patel, Head of Sub-Continent Division. The team currently provides research for offshore funds including Indian equities and BRIC equities.
Metropolitan Partners' Director of Communications, Mr. Mark Davidson said: "India is one of the world's largest growth markets and a strategic priority for our firm. The acquisition illustrates our commitment to expand in India and we look forward to working closely to accelerate the growth of the business. We are also pleased with the strong expertise that Anil and his team have established and this will be just the starting point for many other services that we will continue to provide here at Metropolitan Partners'".
Metropolitan Partners' Global Head of Investments, Mr. Cliff Brown said: "As index and ETF product demand continues to grow significantly in India, Metropolitan Partners' expertise and global platform will provide us the opportunity to grow further and enhance our offering for clients here at Metropolitan Partners'."
Metropolitan Partners' is unrivalled for our independence, professionalism and the extensive, wide ranging experience of its team. Metropolitan Partners was founded in 1999 by our partners who, having worked together for more than 20 years, possess over 80 years of combined experience in the wealth management and financial advisory industry. The senior management team assembled at Metropolitan Partners' has amassed over 200 years of experience in financial management, investment banking, private equity, venture capital and strategy consulting.
With its headquarters based in Hong Kong, Metropolitan Partners' has grown to become a leading wealth management company with clients' across the globe. Metropolitan Partners' goal is simple: to improve our clients' financial security through actively managed, diversified portfolios backed up by expert professional advice and investment advisory services.
At Metropolitan Partners' we recruit only the best professionals with a proven track record in the industry and the motivation to help the company grow by assisting our clients' investments to grow. Our team of professionals possess the resources, knowledge and expertise to provide our clients with an unrivalled, independent service to help them achieve their financial goals.
The knowledge and expertise of our founding partners and the expertly assembled team of professionals, combined with the most up-to-date research methodology and analysis tools, has earned Metropolitan Partners' an excellent global reputation amongst trusted independent wealth management companies. In turn Metropolitan Partners' has been able to develop an enviable history of producing excellent risk adjusted returns for its clients.