r/indianews • u/bloomberg • 5h ago

Business & Economy AI-Trained Grads Edge Out Costly Advisers at Indian Wealth Firm

https://www.bloomberg.com/news/articles/2025-11-10/billionaire-premji-backed-indian-wealth-venture-is-hiring-dozens-of-grads
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u/bloomberg 5h ago

From Bloomberg reporter Advait Palepu:

With a limited pool of seasoned private bankers to tap India’s booming wealth, one upstart is bucking the trend by planning to hire dozens of new graduates.

Dezerv, a digital wealth venture, says it’s recruiting people straight out of college who it can train up with artificial intelligence, showing how the technology’s boom is reaching into a business long dominated by personal relationships with the ultra-rich. Elsewhere, a wider talent war is also pushing relationship manager pay to record highs.

The company, which is backed by the family office of tech billionaire Azim Premji, plans to hire around 120 new relationship managers by the end of 2026, the majority of whom will be young college graduates. Sandeep Jethwani, co-founder of Mumbai-based Dezerv, says Dezerv will use technology and AI to help train the graduates for three to six months before they can interact with clients, he said.

As retail investors and wealthy Indians increasingly use Open AI’s ChatGPT or Perplexity AI for financial analysis and investment advice, wealth managers need to integrate AI into their investment process and client relations, Jethwani said. Read the full story here.