Ambit Global, a pre-eminent, full-service Investment Bank based out in Mumbai has appointed Amrita Farmahan as the CEO of the company. She will be spearheading the growth of Ambit’s wealth management businesses across the country.

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

Speaking about her new role, Amrita Farmahan, CEO, Ambit, states, “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”.

With an experience of over two decades in the wealth management, consumer banking, corporate finance and investment management in India, Amrita has previously worked for Avendus, Reliance Private Client and Citibank India. She built and led the wealth management businesses at Avendus and Reliance making them successful franchises. At Citibank, she served for 12 years as the Network Sales Director, Branch Banking and India Head for Citigold Private Client.

Ashok Wadhwa, Group CEO, Ambit, comments, “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”.