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Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm

The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"

The mid-sized wealth manager is part of the broader Centrum Group
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The mid-sized wealth manager is part of the broader Centrum Group

Preeti Singh and Saikat Das | Bloomberg
The heads of business at Centrum Wealth Ltd. have been asked to leave the firm, just as the industry is set to balloon in one of the world’s fastest-growing markets. 

The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a “loss of confidence,” the group’s spokesman said in an emailed reply, without elaborating. 

Vinay declined to comment when reached by phone. A request for comment sent to Ganashyam through LinkedIn wasn’t answered.

Founded about a decade ago mainly with a leadership team brought in from HSBC Holdings Plc’s