Avendus poaches more execs, plans SE Asia office

Yet another firm new to the private-wealth scene in Asia has been readying itself to compete for business, both on its home turf in India and in the UK and US. Following the recent hires of Nikhil Kapadia and Kartik Kini from Deutsche Bank and Ritu Jain from Morgan Stanley, Avendus Capital has lured more wealth-management specialists from international firms. The Mumbai-based financial services company also plans to open an office in Hong Kong or Singapore later this year. Munish Rand…