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Advent International Acquires Stake in Ask Group

Arti Mehta

22 December 2016

, the firm created recently by investors who took on the India wealth arm of Royal Bank of Scotland, said the wealth management sector in India will expand by 17 to 18 per cent per annum over the next few years. (See article here.)

As of September 30, 2016, Advent International managed $42 billion in assets, while ASK currently manages of assets of over INR29,480 crore ($4.4 billion).