The new office is to be managed by Manasi Chandrasekhar and will be based in the south western city of Bangalore.
Prosperity’s launch follows that of Dubai-headquartered Mondial, which earlier this year partnered with a Mumbai based brokerage called Padmakshi.
At the time of the launch of the joint venture, called Padmakshi Mondial Wealth Management, Mondial chief executive Sean Kelleher said he planned to tap into both the growing domestic Indian market and the considerable non-resident Indian (NRI) market in Dubai.
