Suit Up for 70 Openings: ASK Launches Talent Drive for High-Rolling Clients

Image Source: Linkedln

ASK Private Wealth hiring drive

In a bold move to scale its private wealth business, Blackstone-backed ASK Group is set to hire 70 new wealth bankers across India, aiming to expand its team to 175 by March 2026. The hiring spree comes amid a surge in India’s wealth management sector, driven by a growing base of high-net-worth individuals and rising demand for personalized financial advisory.

Key Highlights:

- ASK Private Wealth currently manages ₹520 billion ($6 billion) in assets for over 3,700 families.
- The group’s total assets under management stand at ₹745 billion ($8.6 billion) across AIFs, PMS, and private wealth.
- CEO Rajesh Saluja emphasized a selective hiring approach, prioritizing cultural fit and long-term commitment over aggressive sales tactics.
- The firm is competing with other major players like 360 One WAM and Nuvama Wealth, both of which are also expanding rapidly.
- ASK was acquired by Blackstone in 2022, giving it a global edge and deeper capital backing.

Outlook:

With India’s wealth market projected to grow at double digits, ASK’s expansion signals confidence in long-term demand for bespoke financial services. The firm expects continued investor interest in gold, high-yield debt, and equity index funds, while maintaining a cautious stance on speculative products. As the talent war intensifies, ASK’s strategy blends scale with selectivity—aiming to grow without compromising its advisory ethos.

Source: Moneycontrol, Business Standard, Gulf News