M&A

M&A

Wealth mgmt firm InCred Capital acquires Singapore’s S Cube Capital

Inc42  

Mumbai-based InCred Capital has acquired the Singapore-based fund management company S Cube Capital (SAIML Pte Ltd). Post acquisition, S Cube will be integrated into InCred Global Wealth, InCred’s Singaporean arm. It also involves onboarding S Cube Capital’s leaders, Balaji Swaminathan and Hemant Mishr, as joint vice chairmen of the global asset management business.S Cube Capital is an asset management firm founded by investment bankers. The integration is intended to bolster the offshore capabilities of InCred Capital across the Singapore, GCC and India investment corridor.