Sumita Pillai: A Woman of Authority in Private Banking and Wealth Management
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Sumita Pillai is a seasoned businesswoman with 26 years of experience in the private banking and wealth management sector, making her an authority on financial business. She has held key leadership positions in esteemed financial organizations such as BNP Paribas, Citi India, Merrill Lynch Wealth Management, and Julius Baer Wealth Advisors (India). She has vast domain knowledge of wealth management, portfolio management, risk management, banking, mergers, and capital markets.
With her experienced-backed judgment and strong work ethic, Sumita has dealt with various complex business challenges, including multifarious M&A deals and stakeholder expectations. She is acknowledged for her role in hiring, mentoring, and leading highly successful teams across organizations. Sumita has successfully led large businesses into transition and has achieved 98.6% of AUM and client migration in a short span of a few months during her career.
As the CEO of Torus Wealth Private, Sumita believes that the finance sector is witnessing a seismic shift, requiring forward-thinking investment managers to manage not only the existing wealth but also to anticipate future gains and recommend the best-suited products that take care of the client’s needs.
Torus Wealth offers a range of investment options to clients, including Basket Advisory Services, Insurance, Discretionary PMS, MLD with captive issuance capability, and others, that align with clients’ wealth needs and risk tolerance.
The recent budget announcement has emphasized the importance of banking and financial services for both the public and private sectors, which we believe will continue to be attractive investment themes in the near future. Additionally, investment themes such as renewable energy, digitalization, and rural development may also gain popularity.
At Torus Wealth, the Liberalized Remittance Scheme (LRS) is utilized to freely remit money abroad for various purposes like education, medical treatment, etc. The company provides guidance to clients on how they can maximize the benefits of LRS, including understanding the rules and regulations and assisting with the required documentation and process for remitting funds under the LRS. Torus Wealth has a strong network and connections in the global start-up and venture funding ecosystem, allowing them to provide clients with access to potential investment opportunities in the start-up and venture funding space.
As the world becomes increasingly digitized, the financial industry is undergoing major changes. Torus Wealth uses advanced technology and digital platforms to provide real-time access to market data and investment information and facilitate secure online transactions, enabling clients to make informed investment decisions based on the latest market trends and insights and monitor the performance of their portfolios in real time. Investment advisors stay up-to-date with the latest developments in the industry and use cutting-edge tools and techniques to provide customized investment advice and guidance.
Among UHNI and family offices, a common topic of conversation is the role of a family trust in mitigating inheritance tax. A family trust is a legal arrangement in which assets are held by a trustee for the benefit of a specified group of individuals, such as family members. The use of a family trust may not
be suitable or effective in all situations, and it is recommended to seek the advice of a professional financial advisor or estate planning attorney to determine the most appropriate strategy for individual circumstances.
Staff Reporter
