$1 Trillion Private Equity Firm Blackstone India ASK Asset & Wealth Management to Hire 70 Private Bankers in India Targeting Increase from 105 to 175 Private Bankers by 2026 March, ASK Private Wealth with $6 Billion AUM & ASK with $8.5 Billion AUM
20th June | Hong Kong
Leading private equity firm Blackstone ($1 trillion AUM) India ASK Asset & Wealth Management is hiring 70 private bankers in India, targeting increase from current 105 to 175 private bankers by 2026 March. ASK Private Wealth currently has $6 billion AUM and ASK has $8.5 billion AUM. Profile – ASK is a renowned Financial Services Group and is a leading player in the Asset & Wealth Management business. We manage the wealth & investment needs of some of the most affluent families in India. With over three decades of presence in India, ASK has been a true believer in the India growth story and over the years has grown hand-in-hand with our clients across the globe. The group is represented in India through its key businesses: Wealth Management and Multi-Family Office Services – ASK Private Wealth, Portfolio Management Services – ASK Investment Managers, and Real Estate Private Equity – ASK Property Fund. We have 20+ offices in India. Through our office in Dubai the group manages clients in GCC & Africa and through our subsidiary ASK Capital in Singapore we manage real estate and equity investments made in India. ASK Group is a portfolio company of Blackstone, world’s largest global alternative asset manager. In 2024 April, India asset & wealth manager ASK Group announced to launchASK Private Wealth in Singapore & Dubai in 2024 June to manage the growing offshore India wealth. In 2022, Blackstone acquired a majority stake in ASK Group.
“ $1 Trillion Private Equity Firm Blackstone India ASK Asset & Wealth Management to Hire 70 Private Bankers in India Targeting Increase from 105 to 175 Private Bankers by 2026 March, ASK Private Wealth with $6 Billion AUM & ASK with $8.5 Billion AUM “
$10 Billion India Asset & Wealth Manager ASK Group to Launch ASK Private Wealth in Singapore & Dubai in 2024 June to Manage Growing Offshore India Wealth, Top Private Equity Firm Blackstone Acquired Majority Stake in ASK Group in 2022
18th April 2024 – India asset & wealth manager ASK Group with $10.2 billion AUM (Assets under Management) will be launching ASK Private Wealth in Singapore & Dubai in 2024 June to manage the growing offshore India wealth. In 2022, top private equity firm Blackstone had acquired a majority stake in ASK Group. Blackstone (2022 Feb): “Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have acquired a majority stake in ASK Investment Managers Limited (“ASK”), one of India’s largest asset and wealth management companies, from Advent International and other sellers. ASK is one of the leading asset and wealth managers in India catering to clients across Asia, the Middle East, Africa, and Europe, and manages more than $10.6 billion in assets (as of December 31, 2021). It is one of the first portfolio managers in India, with nearly three decades of experience in managing the investment needs of India’s high-net-worth individuals, family offices and institutions. ASK also specializes in property investment advisory and wealth advisory services. The company follows a cycle-tested investment philosophy, which prioritizes capital preservation and delivering returns through consistent growth. Its flagship portfolio, Indian Entrepreneur Portfolio, is the largest discretionary Portfolio Management Services (PMS) scheme in the country and along with ASK’s other strategies like Growth and India Select has consistently outperformed markets since inception.”
About ASK Group (2023 Profile)
ASK Asset & Wealth Management Group (ASK) is one of the leading asset & wealth management firms in India. ASK has been a true believer in the India growth story and has grown hand-in-hand with its clients, for over three decades. ASK has over 30 offices and branches across India, Dubai, and Singapore and caters to multiple asset classes and investors (such as HNI, institutional, family office, pension funds, funds of funds and sovereign wealth funds) across Asia, the Middle East, Africa, and Europe. ASK group manages assets over ₹85,500cr/US$ 10.2 bn. as on 31st December 2023.
About ASK (2021 Profile)
ASK is a leading player in the asset & wealth management business and primarily caters to the HNI and UHNI market with over three decades of presence. ASK has been a true believer in the Indian growth story and over the years has grown hand-in-hand with its clients across the globe. ASK is represented in India through its three key businesses: Portfolio Management Services & Alternative Investment Funds – ASK Investment Managers Ltd.; Real Estate Private Equity – ASK Property Investment Advisors; and Wealth Advisory and Multi-Family Office Service – ASK Wealth Advisors. It has 20 offices and branches across India, Dubai, and Singapore through which it services the needs of clients. It caters to multiple asset classes and investors (such as HNI, institutional, family office, pension funds, funds of funds and sovereign wealth funds) across Asia, the Middle East, Africa, and Europe. ASK’s flagship Indian Entrepreneur Portfolio is the largest discretionary PMS in India as on 31st December 2021 (Source: SEBI website). ASK group manages assets over Rs. 78,500 Cr / USD 10.6 Bn. as on 31st December 2021.
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