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Richest Asian banker plans family office but spurns crypto
Uday Kotak prefers to use his spare cash to invest in assets such as private equity, stocks and property
Add BT as a preferred sourcePublished Wed, Jan 10, 2018 · 09:50 PM
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Mumbai
THE FAMILY of Uday Kotak, billionaire managing director of Kotak Mahindra Bank Ltd, is setting up an office to invest in assets including private equity, stocks and real estate worldwide.
"The funds will be deployed in asset classes other than debt and cryptocurrencies," Venkat Subramanian, who will manage the family office, said in an interview in Mumbai last week. "We will also stay clear of any investment opportunities that will bring us in direct competition with the bank."
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