Nitin Jain, CEO- MD of Edelweiss Wealth Management quits, sources told ET Now. Jain has worked with the company for 15 years.
Starting in 2004, Jain has worked in different departments in Edelweiss like capital markets, analytics, principal strategies, etc, where he was appointed as the head of the department.
Earlier this month, Edelweiss was aiming to raise 1,500 crores via pre IPO and private equity funds.
Edelweiss Wealth is a subsidiary of Edelweiss Group. It is currently trading at Rs. 79.9, down by 1.54%.
However, there is no official confirmation by the group on the same.
(Inputs from tweet by ET Now)