Ambit Private Limited, announced the appointment of Amrita Farmahan as CEO, Ambit Global Private Client. In this role, she will be responsible for propelling the growth of Ambit’s wealth management business.
Amrita has over two decades of experience across wealth management, consumer banking, corporate finance and investment management in Indian as well as global financial services firms. Added to her enduring leadership over the years, Amrita has been a part of the evolution of the wealth management industry in India.
Commenting on this development, Ashok Wadhwa, Group CEO, Ambit Private Limited said, “We are delighted to have Amrita join the Ambit family. Her long-standing experience and expertise will help us further scale our wealth management business, in India as well as overseas. She is a seasoned leader with a proven track record, and her empirical knowledge will be critical to enabling growth opportunities for the firm”.
Starting her new journey, Amrita Farmahan, CEO, Ambit Global Private Client added, “I am enthused by the opportunity at Ambit, at this exciting time for wealth management in India. In an environment of constant change, we will endeavour to build a high quality sustainable business on a foundation that is stable and consistent, while protecting the interests of our clients, our employees and our franchise”.
Amrita Farmahan has previously worked with Avendus and Reliance Private Client, where she built and led the respective wealth management businesses, making them very successful franchises. She has also worked with Citibank for 12 years and was the Network Sales Director, Branch Banking and India Head for Citigold Private Client.