Billionaire Jain bets on India’s wealth boom to hire, woo assets

Ltd.’s wealth book of about 600 billion rupees ($6.6 billion) will expand 80% to 100% over the next 24 months, Jain said in an interview with Bloomberg News in Mumbai. To power that growth, the company has hired about 60 relationship managers in the last 18 months and plans to add 120 more, a sharp ramp-up in a market where seasoned advisers are hard to find.“It’s not easy,” Jain said, acknowledging that compensation levels have surged amid talent poaching across the industry. IIFL will primarily add staff ...