Anand Rathi Wealth Ltd has received full authorisation from the UK’s Financial Conduct Authority (FCA) for its wholly-owned subsidiary, Anand Rathi Wealth UK Limited. This milestone enables the company to expand its wealth management services in the UK, strengthening its global footprint and enhancing cross-border financial offerings.
Anand Rathi Wealth Ltd, one of India’s leading non-bank wealth management firms, announced that its UK subsidiary has been granted full authorisation by the Financial Conduct Authority (FCA). This approval marks a significant step in the company’s international expansion strategy, allowing it to offer regulated wealth management services directly in the United Kingdom.
Key highlights from the announcement include
-
Anand Rathi Wealth UK Limited has received full FCA authorisation.
-
The subsidiary is wholly owned by Anand Rathi Wealth Ltd.
-
The authorisation enables the company to expand its operations and provide wealth management services in the UK market.
-
This move strengthens Anand Rathi Wealth’s global presence and aligns with its long-term growth strategy.
-
The company has already infused initial capital into the UK subsidiary to support operations.
-
The development reflects growing demand for cross-border wealth management solutions and international diversification.
The FCA approval positions Anand Rathi Wealth to tap into the UK’s mature financial services market, offering Indian and global clients enhanced advisory and investment opportunities. It also underscores the firm’s commitment to building a strong international presence while maintaining regulatory compliance in key markets.
Sources: Rediff MoneyWiz, InvestyWise, Anand Rathi Wealth Ltd filings