Latest news with #AmbitGPC
Khaleej Times
10-04-2025
- Business
- Khaleej Times
Indian wealth firm targets Middle East with DIFC hub
Ambit Global Private Client (Ambit GPC), a leader in bespoke financial solutions, has made a foray into the Middle East with a new office in the Dubai International Financial Centre (DIFC). The move follows Ambit's strategic acquisition of Dubai-based Moonrock Investments Ltd in November 2024, signalling the Indian wealth management powerhouse's ambition to go global. The new entity, Ambit Global Private Client (Mena) Limited, merges Ambit's institutional-grade expertise with Moonrock's regional clout, aiming to serve ultra-high-net-worth (UHNW) individuals and family offices across the region. Ambit GPC, a subsidiary of Mumbai-based Ambit Private Limited, already manages over $9 billion in assets under management and advice (AUM&A) for more than 1,000 of India's wealthiest families. Ambit's entry into Dubai taps into the Middle East's financial pulse, leveraging DIFC's status as a global hub. The expansion reflects a broader trend of Indian financial firms eyeing global growth amid India's economic surge. By blending Ambit's sophisticated advisory with Moonrock's local know-how, the firm is poised to attract non-resident Indians, foreign nationals, and regional family offices, the company said. 'Our foray into the Middle East marks a pivotal step in transforming Ambit into an international wealth management brand,' said Ashok Wadhwa, group CEO of Ambit. 'As Indian wealth goes global, we're here to deliver seamless, world-class solutions—wherever our clients are.' The acquisition of Moonrock, regulated by the Dubai Financial Services Authority (DFSA), brings Ambit's acclaimed research, discretionary portfolio management strategies, and innovative direct deal offerings to a new market. It also caters to a growing appetite among Indian residents for offshore investments and the Indian diaspora's interest in tapping India's booming markets. 'DIFC aligns with our vision of empowering clients to think and act globally,' said Amrita Farmahan, CEO of Ambit GPC. 'Our platform bridges Indian and international markets with unique perspectives, and we're thrilled to build lasting relationships here.' Leading the Dubai charge are Digvijay Singh, a 20-year veteran of private banking with stints in India and Dubai, and Shanti Kaliappan, a wealth management expert and former senior executive officer at Moonrock. Their team will offer tailored solutions across asset classes, staying true to Ambit's mantra: 'Wisdom is the ultimate wealth.'
Arabian Business
10-04-2025
- Business
- Arabian Business
India-based Ambit Global Private Client expands footprint into Dubai
Ambit, a leading India-based financial advisory for ultra-high-net-worth individuals (UHNWIs) and Family Offices, announced its expansion into the UAE with the opening of the Ambit Global Private Client (Ambit GPC) office in Dubai. The newly UAE unit, located in Dubai International Financial Centre (DIFC), is a 100 per cent-owned arm of Ambit GPC, the company said. Ambit GPC, with over $9 billion of overall assets under management and advice (AUM&A), provides institutional-quality research and discretionary PMS strategies, innovative 'Direct Deal' vertical and holistic wealth management services. The new entity, Ambit Global Private Client (MENA) Limited, is the result of a strategic acquisition of Moonrock Investments Ltd by Ambit. Moonrock, a Dubai Financial Services Authority (DFSA) regulated and DIFC-registered wealth management firm, was acquired by Ambit in November 2024. This acquisition combines Ambit's expertise in wealth management with Moonrock's strong local presence and proven capabilities, delivering mutual benefits by creating a platform that caters to a diverse clientele, including non-resident Indians (NRIs), foreign nationals and Family Offices, the company said in a media release. Ashok Wadhwa, Group CEO, Ambit, said the foray into the Middle East is a significant step in Ambit's transformation into an international wealth management brand. 'India's economic growth presents a significant opportunity and we are positioning ourselves to offer the necessary expertise and platform to navigate both sides. As Indian wealth becomes increasingly global, we are committed to providing our clients with seamless access to world-class financial solutions, wherever they are,' he said. Amrita Farmahan, CEO, Ambit Global Private Client, said the company's UAE expansion move is a recognition of the growing demand from resident Indians to invest offshore, and equally the strong interest from the Indian diaspora and international investors to access the Indian markets. 'At Ambit GPC, our integrated wealth management platform seamlessly bridges Indian and International markets, providing clients with our unique perspectives,' she said.
Zawya
09-04-2025
- Business
- Zawya
Ambit GPC announces regional expansion with new DIFC office
Ambit Global Private Client (Ambit GPC) has announced the opening of its new office in the Dubai International Financial Centre (DIFC). Ambit GPC is a leading provider of bespoke financial solutions for ultra-high-net-worth individuals (UHNW) and family offices with over $9 billion of overall Assets Under Management & Advice (AUM&A) and 1,000+ UHNW clients across the wealthiest families in India. The new entity, Ambit Global Private Client (Mena) Limited, is the result of a strategic acquisition by Ambit, of Moonrock Investments, a Dubai Financial Services Authority (DFSA) regulated & DIFC-registered wealth management firm, which took place in November 2024. This acquisition combines Ambit's expertise in wealth management with Moonrock's strong local presence and proven capabilities, delivering mutual benefits by creating a platform that caters to a diverse clientele, including NRIs, foreign nationals and family offices. On the key expansion, Group CEO Ashok Wadhwa said: "Our foray into the Middle East is a significant step in Ambit's transformation into an international wealth management brand. India's economic growth presents a significant opportunity and we are positioning ourselves to offer the necessary expertise and platform to navigate both sides." "As Indian wealth becomes increasingly global, we are committed to providing our clients with seamless access to world-class financial solutions, wherever they are," he stated. Ambit Global Private Client CEO Amrita Farmahan said: "We are excited to expand our presence to DIFC, a global financial hub that aligns with our vision of empowering clients to think and act globally. We recognize the growing demand from resident Indians to invest offshore, and equally the strong interest from the Indian diaspora and international investors to access the Indian markets." "At Ambit GPC, our integrated wealth management platform seamlessly bridges Indian and Internationals markets, providing clients with our unique perspectives," stated Amrita. "With a strong leadership team in DIFC we look forward to fostering deep, lasting relationships and offering bespoke wealth management solutions," she added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
09-04-2025
- Business
- Trade Arabia
Ambit GPC announces regional expansion with new DIFC office
Ambit Global Private Client (Ambit GPC) has announced the opening of its new office in the Dubai International Financial Centre (DIFC). Ambit GPC is a leading provider of bespoke financial solutions for ultra-high-net-worth individuals (UHNW) and family offices with over $9 billion of overall Assets Under Management & Advice (AUM&A) and 1,000+ UHNW clients across the wealthiest families in India. The new entity, Ambit Global Private Client (Mena) Limited, is the result of a strategic acquisition by Ambit, of Moonrock Investments, a Dubai Financial Services Authority (DFSA) regulated & DIFC-registered wealth management firm, which took place in November 2024. This acquisition combines Ambit's expertise in wealth management with Moonrock's strong local presence and proven capabilities, delivering mutual benefits by creating a platform that caters to a diverse clientele, including NRIs, foreign nationals and family offices. On the key expansion, Group CEO Ashok Wadhwa said: "Our foray into the Middle East is a significant step in Ambit's transformation into an international wealth management brand. India's economic growth presents a significant opportunity and we are positioning ourselves to offer the necessary expertise and platform to navigate both sides." "As Indian wealth becomes increasingly global, we are committed to providing our clients with seamless access to world-class financial solutions, wherever they are," he stated. Ambit Global Private Client CEO Amrita Farmahan said: "We are excited to expand our presence to DIFC, a global financial hub that aligns with our vision of empowering clients to think and act globally. We recognize the growing demand from resident Indians to invest offshore, and equally the strong interest from the Indian diaspora and international investors to access the Indian markets." "At Ambit GPC, our integrated wealth management platform seamlessly bridges Indian and Internationals markets, providing clients with our unique perspectives," stated Amrita.
Zawya
09-04-2025
- Business
- Zawya
Ambit Global Private Client expands footprint into Dubai's prestigious DIFC
Dubai/Mumbai: Ambit has announced the opening of its Ambit Global Private Client (Ambit GPC) office in the prestigious Dubai International Financial Centre (DIFC). Ambit Private Limited is the 100% holding company of Ambit GPC. Ambit GPC is a leading provider of bespoke financial solutions for ultra-high-net-worth individuals (UHNW) and Family Offices with over USD 9 bn of overall Assets Under Management & Advice (AUM&A) and 1,000+ UHNW clients across the wealthiest families in India. Ambit GPC's award-winning, institutional-quality research & discretionary PMS strategies, innovative Direct Deal vertical and holistic wealth management services, have become some of the most well-respected properties in the wealth management space. The new entity, Ambit Global Private Client (MENA) Limited, is the result of a strategic acquisition by Ambit, of Moonrock Investments Ltd., a Dubai Financial Services Authority (DFSA) regulated & DIFC-registered wealth management firm, which took place in November 2024. This acquisition combines Ambit's expertise in wealth management with Moonrock's strong local presence and proven capabilities, delivering mutual benefits by creating a platform that caters to a diverse clientele, including Non-Resident Indians, Foreign Nationals and Family Offices. Commenting on the announcement, Ashok Wadhwa, Group CEO, Ambit said, ' Our foray into the Middle East is a significant step in Ambit's transformation into an international wealth management brand. India's economic growth presents a significant opportunity and we are positioning ourselves to offer the necessary expertise and platform to navigate both sides. As Indian wealth becomes increasingly global, we are committed to providing our clients with seamless access to world-class financial solutions, wherever they are'. Amrita Farmahan, CEO, Ambit Global Private Client highlighted, 'We are excited to expand our presence to DIFC, a global financial hub that aligns with our vision of empowering clients to think and act globally. We recognize the growing demand from resident Indians to invest offshore, and equally the strong interest from the Indian diaspora and international investors to access the Indian markets. At Ambit GPC, our integrated wealth management platform seamlessly bridges Indian and Internationals markets, providing clients with our unique perspectives. With a strong leadership team in DIFC we look forward to fostering deep, lasting relationships and offering bespoke wealth management solutions'. Keeping with Ambit GPC's core philosophy 'Wisdom is the Ultimate Wealth', Ambit Global Private Client (MENA) Limited will offer discerning opportunities spanning all asset classes. The Dubai leadership team will be comprised of Digvijay Singh, who brings 20+ years of private banking and wealth management experience, including leading high-performing teams in India and Dubai and Shanti Kaliappan, who brings unparalleled expertise in wealth management and private banking, honed through years of leadership at global institutions, and in her previous tenure as Senior Executive Officer of Moonrock Investments. About Ambit Group: Ambit is one of India's premier providers of financial advice and capital, known for its business acumen. Ambit comprises Investment Banking (Corporate Finance & Equity Capital Markets), Asset Management, Wealth Management, Institutional Equities (Research, Sales & Sales Trading), and a Non-Banking Finance Company (SME Lending). We are focused on delivering tailor-made financial solutions suitable to our client's needs. These are based on our deep understanding of the Indian economy and market forces, unmatched research, and a client-focused approach. Ambit is headquartered in Mumbai, with offices in key cities in India & Singapore. To learn more, check regulatory licenses and further information, please visit Ambit Global Private Client is the wealth management arm of the Ambit Group, dedicated to delivering personalized financial solutions to UHNW individuals, families and institutions. With a growing global presence, Ambit GPC specializes in bespoke investment strategies, wealth preservation and cross-border financial planning, empowering clients to achieve their financial goals across geographies. Media Contacts: Ambit Group - Brand & Corporate Communications Naheed Contractor - Aparupa Sur – Ambit Global Private Client (MENA) Limited Regulated by the DFSA Address: N411, Emirates Financial Towers, Level 4, DIFC, PO Box 506 883, Dubai, UAE Website: Under Construction O Z O N Marketing Management Est. Jayakrishnan Bhaskaran
