Lakshmi Vilas Bank Signs MoU with Centrum for its HNI Clients

Posted on:03 Mar 2017 09:34:51
Lakshmi Vilas Bank Signs MoU with Centrum for its HNI Clients
03 March 2017 Current Affairs: Chennai-based private sector lender Lakshmi Vilas Bank (LVB) has tied up with Centrum Group on February 27, 2017 in which the bank will refer its High Net Worth Individuals (HNI) to Centrum for wealth management and family office services.

Centrum will conduct the business through its wealth management arm, Centrum Wealth Management and will offer its existing portfolio of wealth management services to the bank’s HNI clients.

The agreement was signed between Parthasarathi Mukherjee, managing director & CEO, LVB and Jaspal Bindra, executive chairman, Centrum Group.

This is the first time in the country that a private bank has given the charge to an independent professional wealth management firm for such services.

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