New Delhi, Axis Bank on Monday said its private banking business Burgundy Private will expand its wealth management services to 15 new cities, taking its presence to 42 locations across India.
With this strategic move, Burgundy Private will now provide its differentiated wealth management services tailored to the unique needs of discerning clients in India's fast-growing Tier 2 markets, Axis Bank said in a statement.
It said the new locations for the launch include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur and Gandhidham.
It said that by leveraging its expertise, technology and data analytics, Burgundy Private aims to provide personalized solutions that meet the growing expectations of affluent customers in these emerging geographies.
Burgundy Private has an AUM of approximately Rs 2.07 trillion, a growth of 33 per cent year-on-year, and currently manages funds for over 13,000 households across 27 cities.
With this strategic move, Burgundy Private will now provide its differentiated wealth management services tailored to the unique needs of discerning clients in India's fast-growing Tier 2 markets, Axis Bank said in a statement.
It said the new locations for the launch include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur and Gandhidham.
It said that by leveraging its expertise, technology and data analytics, Burgundy Private aims to provide personalized solutions that meet the growing expectations of affluent customers in these emerging geographies.
Burgundy Private has an AUM of approximately Rs 2.07 trillion, a growth of 33 per cent year-on-year, and currently manages funds for over 13,000 households across 27 cities.
