Neo Group, an Indian money manager, is intensifying competition for talent by offering senior bankers up to 60% of the revenue they generate. This aggressive hiring strategy aims to more than double its banker headcount by March 2026, amidst expansion from larger rivals. Neo’s differentiated incentive structure has already attracted talent from various financial firms.
A $6 billion Indian money manager plans to ramp up hiring of senior bankers by allowing them to keep up to 60% of the revenue they bring in, showing how competition for talent is heating up in one of the world’s fastest growing wealth markets.
Neo Group, founded by Nitin Jain in Mumbai in 2021, is looking to hire up to 70 wealth managers by March 2026, people familiar with the matter said. That would more than double the headcount of bankers at the firm, which managed Rs 55,000 crore ($6.5 billion) of assets across wealth and asset management as of March 2025. The people asked not to be identified as the hiring plan is not public.