The Hindu Business Line : ‘Developing a vibrant corporate bond market vital’

Chennai, May 22 The development of a vibrant and deep corporate bond market is necessary to provide an avenue for pension money coming in from overseas, as well as to meet the funding requirements of the infrastructure sector, Mr V. Mahadevan, CEO, Wealth Advisors (India) Pvt Ltd, a wealth management firm said.

Talking about the evolution of the wealth management industry, he said that investors had begun to look at multiple asset classes and at ‘equity’ as a necessity in the portfolio, rather than just as an opportunity. He said this was evident from the fact that for the first time retail investors were staying in the market when it was going through an adjustment phase and not in the redemption mode.

Speaking on the company’s expansion plans, Mr Mahadevan said that the company, which currently has 55 branches, would be adding 80 more this year. The company would also be recruiting 650 persons to add to the 350 that it currently had on its rolls.

He said the company’s launch phase over the past three years had been good. Assets under management had grown to over Rs 3,200 crore during this period, he said.

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