2012 2014 2015 2016 2018 2020
VAR Capital History
VAR Capital History
VAR Capital History
VAR Capital History
VAR Capital History
VAR Capital History

History

2012

Vikash Gupta and Ashish Vasudeva were working as private wealth bankers at Barclays. The Ahluwalia Single Family Office was their client. Rajat Sharma joined the Ahluwalia family office as Chief Investment Officer.

History

2014

RAJAT SHARMA WAS RESPONSIBLE FOR ADVISING THE AHLUWALIA FAMILY AND THEIR CORPORATE STRUCTURES ON ALL ASPECTS OF ASSET MANAGEMENT, DEBT AND DIRECT PRIVATE INVESTMENTS.

In the first two years Sharma worked at the Ahluwalia Family Office, the outperformance garnered such interest that it attracted investment from outside the family, triggering the firm’s evolution into a Multi Family Office.

History

2015

THE AHLUWALIA FAMILY OFFICE WAS RELAUNCHED AS VAR CAPITAL LTD. WHEN VIKASH GUPTA JOINED THE TEAM, BRINGING WITH HIM EXTENSIVE KNOWLEDGE OF THE WEALTH MANAGEMENT INDUSTRY.

Ashish Vasudeva joined the duo the following year.

History

2016

VAR CAPITAL IS SUPPORTED BY STRATEGIC INVESTMENT AND ASSET MANAGEMENT MANDATES FROM PROMINENT EUROPEAN AND ASIAN FAMILIES AND INSTITUTIONS.

VAR Capital was founded on the belief that banks are not able to fully serve the needs of significant families and institutions. Vikash Gupta, Ashish Vasudeva and Rajat Sharma have a shared vision of a firm that is fully aligned with its clients’ interests and is independent of large institutions.

History

2018

VAR CAPITAL WINS TWO AWARDS

Euromoney Best Asset Manager in the UK
Euromoney Best Family Office in the UK

History

2020

VAR CAPITAL WINS SEVERAL AWARDS

Investment Team of the year at the 2020/21 STEP Private Client Awards
Finalist: Family Office of the year at the Magic Circle Awards
Runner up: Euromoney Best Family Office in the UK

TEAM EXPANSION
Several senior hires made to manage relationships and investments

Clients

OUR CLIENTS INCLUDE ENTREPRENEURS, FAMILIES, SENIOR EXECUTIVES AND INSTITUTIONS FROM EUROPE AND THE MIDDLE EAST.

Our clients come from a variety of backgrounds and regions, including the UK, Europe and Middle East.

Testimonials

‘ The reason I backed the guys from day one is I honestly believe when it comes to stock selection, market timing and arranging banking they are formidable team. They’ve run my liquid funds for many years, and their risk-adjusted returns have always substantially exceeded the market herd. So when they came to me to discuss setting up VAR Capital, it was a no-brainer for me, to become both and investor in the business, and to move my funds to VAR. It continues to be very exciting time, and I thoroughly enjoy helping them build the business.’

Sukhpal Singh Ahluwalia
Founding client and entrepreneur

‘ Hello Team VAR, I just wanted to say THANK YOU.
You truly go beyond what I expect your role is. I appreciate that very much.
On the portfolio, well done in turning this around.’


A tech entrepreneur

TEAM

VIKASH

VIKASH GUPTA
Co-Founder and CEO

RAJAT

RAJAT SHARMA
Co-Founder and Chief Investment Officer

valerie

Safinah Ali
Senior Analyst

Co-Founder and CEO

Vikash joined VAR Capital from Barclays, where he was part of the Key Clients and Family Offices team within the UK private bank.

Vikash was also a member of the Investment Committee of the UK private bank.
Before joining Barclays, Vikash was at Booz & Company, providing corporate and M&A advisory services to some of the world's leading financial institutions. Vikash holds an MBA from Carnegie Mellon University, Pittsburgh, USA, and bachelor's degree in engineering from Bangalore University, Bangalore, India. Vikash is a board member of Spirit of 2012, a not-for-profit organisation set up to keep the spirit of the London 2012 Olympic Games alive.

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Co-Founder and Chief Investment Officer

Rajat worked as CIO for the Ahluwalia Family Office, the single family office which evolved into VAR Capital.

Before joining the Ahluwalia Family Office, he worked at a variety of hedge funds, investing in global equities and global credit at Marshall Wace Asset Management, Stark Investments and Marble Bar Asset Management, where he was a partner. Rajat has passed all three levels of the Chartered Financial Analyst exams from the CFA Institute. He holds a Masters in Finance from London Business School, London, UK, an MBA from the Indian Institute of Management, Calcutta, India, and a Bachelors in Technology (Chemical Engineering) from the Indian Institute of Technology, Delhi, India.

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Analyst

Safinah is an Analyst at VAR Capital. She previously worked in the Private Relationship Management team at Al Rayan Bank. Safinah has completed a BSc. degree in Biomedical Science from University of Surrey.

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valerie

VALERIE BERTUMEN
Assistant Vice President

ravibulchandani

RAVI BULCHANDANI
Partner

James Fleming

James Fleming
Vice Chairman of Advisory Board

Senior Analyst

Valerie is an investment analyst at VAR Capital.
She previously worked at an accounting firm advising small and medium enterprises on finance and accounting related topics.

Valerie holds an honours degree in Mathematics from the University of Warwick. Her mathematics degree combined theory, with modern applications in operational research, statistics, business, finance and economics. closeicon

Partner

Ravi is the Head of VAR's investment committee and a client adviser. He was previously a Managing Director and covered Ultra High Net Worth clients at J P Morgan and Barclays. Ravi also had investment banking and investment management roles in Morgan Stanley and Goldman Sachs, where he was an Institutional Investor ranked international economist and currency strategist.

Ravi has degrees in Economics from the University of Cambridge, the London School of Economics and Stanford University where he spent four years in advanced economic research in the PhD programme.

Ravi is a visiting lecturer at Imperial College Business School and is Advisor to several funds and corporates on strategy, fund raising and investment banking. He serves on the Board of The Doon School in India. closeicon

Vice Chairman of Advisory Board

James is the Vice Chairman of Advisory Board at VAR Capital. James Fleming started his career at Hambros Bank before joining Coutts & Co and, latterly, Arbuthnot Latham Private Bank as CEO. Before joining VAR Capital, James was the CEO of Sandaire, a multi-family office which was acquired by Cazenove in 2020.

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DINA

DINA GEHA
Member of Advisory Board

lynn

Lynn Baker
Executive Director

TOM

TOM GRAHAM
Partner and Head of Lending

Member of Advisory Board

Dina has over 16 years experience in investment banking and institutional sales.

She is currently Global Head of Hedge Funds at Exane BNP Paribas in London. She was earlier a Managing Director and Head of Hedge Funds – Equity Sales at HSBC and Bank of America Merrill Lynch, in London.
She is a graduate of Wharton School of Business, Philadelphia, USA where she completed her Masters in Business Administration.

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Executive Director

Lynn joined VAR Capital as Executive Director in 2023 with more than 20 years’ experience managing a portfolio of International Private Clients as a Senior Private Banker with Arbuthnot Latham, Coutts and Citibank. Having graduated with a BA Joint Honours in Modern Languages from the University of Salford, Lynn works closely with many European and Latin American families, Trustees and Tax Advisors helping them find appropriate wealth management solutions.

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Director and Head of Lending

Tom joined VAR Capital from Opes Financial Partners, where he had spent 3 years providing tailored financial solutions to HNW individuals.

He has previously spent 11 years advising private clients in the Wealth Management departments of Barclays and the Royal Bank of Canada. Tom received a BA in Economics from Durham University and the Chartered Financial Analyst designation from the CFA institute.

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sukhpal

SUKHPAL SINGH AHLUWALIA
Chairman of Advisory Board

Nikhil

Nikhil Malik
Executive Director

PATRICK

PATRICK MEMMI
Director

Chairman of Advisory Board

Sukhpal is a serial entrepreneur and investor. He is the Principal of Dominvs Group, his family-ownedprivate equity and real estate business, which owns and develops prime and super-prime property andhospitality assets across the UK. Under his leadership,the company has developed visionary development schemes, pioneered brand new approaches to property, andrestored historic buildings to create outstanding hotels, offices and homes across the UK. ThroughDominvs, Sukhpal is also ahands-on investor, applying his decades of first-hand business and investment experience to turn aroundestablished businesses, such as truck parts giant Digraph, and kickstart new ones, like jet brokerageDominvs Aviation and VARCapital itself, which evolved from his own family office.

With his trademark energy andambition, before Dominvs, Sukhpal founded Euro Car Parts. Starting from a single store in Willesden,London, Sukhpaland his team turned it into the largest distributor of car parts in Europe. It was one of the firstbusinesses in any industry to launch a web presence, which helped drive it to 300 branches and more than10,000 employees. Sukhpalalso spearheaded the creation of its cutting-edge automated distribution centre, the first of its kindin Europe. The business was acquired by NASDAQ-listed automotive multinational LKQ Corporation in 2011for £280 million, when Sukhpalwas invited to join the global Board and until 2019 applied his expertise to help accelerate theirbusinesses in the UK, Ireland and India as Executive Chairman.

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Executive Director

Nikhil has joined VAR Capital as an Executive Director. He has over 16 years of industry experience, having worked with Barclays as a Private Banker in Switzerland, Singapore and India and with Bank J Safra Sarasin as a senior banker.

Nikhil is a Chartered Financial Analyst (CFA) Charterholder. He graduated from the University of Mumbai with a Bachelor of Engineering Degree in Computers and has an MBA from SP Jain Institute of Management Research, Mumbai. In addition, Nikhil is a Six Sigma Green Belt. Outside work, Nikhil pursues his passion for photography and the outdoors with his family.

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Director

Prior to joining VAR Capital, Patrick ran his own boutique investment advisory in London. He draws onmany years of experience in corporate finance and advisory at international banks in the US and inEurope. He was a senior coverage banker in the InvestmentBanking Division of Credit Agricole, covering large French clients including France Telecom, EDF,Vivendi and Veolia Environment. Prior to that, he was a managing director at Dredsner Kleinwort andheaded their corporate finance businessfor France. Patrick has a particular interest in international wealth management and has held positionsin regulated investment activities in the US, in the UK and in France. Patrick holds an MBA fromCarnegie Mellon University, Pittsburgh,USA, and an MS in civil engineering from École Spéciale des Travaux Publics, Paris, France. Hisundergraduate work was in maths and physics.

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STEPHANE

STEPHANE AURELIEN MUNOZ
Assistant Vice President

POOJA

Pooja
Senior Analyst

Richa

Richa Miglani
Senior Analyst

Senior Analyst

Stéphane is an investment analyst at VAR Capital. He previously worked as an Assurance Associate at PwCMauritius. Stephane is currently studying towards his MSc Finance at Warwick Business School and hascompleted his Bachelor’s degree at Curtin BusinessSchool. He speaks English, French and Spanish.

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Senior Analyst

Pooja has more than 15 years of experience in Financial Reporting, Financial Planning & Analysis,Compliances and Pricing. Before joining VAR Capital, she was working as Assistant Vice President withAviva Life Insurance Company India Limited. She worked for different industry like insurance, creditcard, finance consulting and auditing and business processing. Pooja is a qualified CharteredAccountant.

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Investment Analyst

Richa Miglani is an investment analyst at VAR Capital.She has more than 9 years of experience in finance and accounting across reputed Private & PSUOrganisations. Before joining VAR Capital, she was working with Central Railside Warehouse Co Ltd – AMini Ratna PSU and Sarthi Advisors Pvt Ltd. – A category one Merchant Banker.Richa holds an MBA in Finance from ICFAI University and is a Commerce graduate from Delhi University,Delhi, India.

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SHILPA

SHILPA NANDA
Senior Analyst

PETRA

PETRA POSNIKOVA
Director

Sucheta

Simon Reid
Investment Director

Senior Analyst

Shilpa has eight years of experience across general administration, HR and clientservicing.

Prior to joining VAR Capital, Shilpa worked at Adidas. Shilpa holds an MBA in HumanResources from ICFAI University and a commercedegree from Delhi University, Delhi, India.

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Director

Petra is responsible for equity research and portfolio construction for VAR Capital. She was earlierresponsible for London & Capital’s UK Equity fund, as well as performing equity analysis of selectedglobal companies.

Beforejoining London & Capital in summer 2016, Petra worked as a Corporate Finance Analyst at Craton Partners.Prior to that, she was an Analyst in the Equities Sales & Trading division at Morgan Stanley and aGraduate Trainee at M&G Investments.Petra has also completed summer internships at Goldman Sachs and Morgan Stanley in London.

Petrahas a degree in Politics from University College London and passed all three levels of the CFAprogramme.

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Investment Director

Simon has over 15 years of experience managing concentrated equity portfolios. Before joining VAR, he was a fund manager in the Global Equity Income team at Legal & General Investment management, where the portfolio was managed with a strict value philosophy and delivered 5.7% annualised outperformance. Prior to LGIM, he was a portfolio manager at Ennismore Fund Management, running a long/short portfolio that delivered an annualised return of 14.0% over a decade. He has an MSci in Mathematical Physics from the University of Nottingham and is a CFA charterholder.

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Sucheta

Suchet Singhal
Senior Analyst

AMY

Amy Stewart
Vice President

chirag

Chirag Patel
Executive Director

Analyst

Suchet is an Analyst at VAR Capital. Suchet holds a BSc. in Business Management & IT from University College London. Prior to joining VAR Capital, Suchet gained experience at a boutique wealth management firm in London and a commercial bank in Mauritius.

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Vice President

Amy joined VAR Capital as a Vice President. Prior to VAR, Amy worked in Barclays Private Bank for a number of years working with international clients.

Amy holds a Bachelor and a Masters degree in Economics and Geography from University of Aberdeen.

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Executive Director

Chirag is an Executive Director at VAR Capital where he is responsible for Business Development in the UK and growth markets. Chirag is an ex-Barclays and JP Morgan Banker with over 15 years of Capital Markets, Risk, Structuring, and UHNW Relationship Management experience. During his time at Barclays, Chirag travelled extensively to Dubai and South East Asia managing UHNW international clients in the region. Chirag also spent over 4 years at JP Morgan in the Corporate and Investment Bank business, namely in Credit Markets, Research and Emerging Markets. Chirag has a Business Management with Finance degree from Westminster Business School.

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ASHISH

ASHISH VASUDEVA
Co-Founder and Head of Clients

ASHISH

Riandeep Dhooper
Analyst

Co-Founder and Head of Clients

Ashish joined VAR Capital from Barclays where he spent eight years in the wealth management business.

He advised ultra high net worth individual and family office clients on wealth management, corporate and investment banking. Prior to working at Barclays, he spent time at Jefferies, in the Debt Capital Markets business. Ashish holds an MA in Law in International Law from the University of Edinburgh, Edinburgh, UK, and an MA in Economics and International Relations from the University of St Andrews, St Andrews, UK. Ashish is a Chartered Financial Analyst Charterholder from the CFA Institute.

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Analyst

Riandeep is an Analyst at VAR Capital. He graduated from Warwick Business School with a BSc. degree in Management in July 2023.

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Contact

The team at VAR Capital would love to hear from you. You can call us or fill the form and we will get back to you shortly.

41 & 43, Maddox Street
Mayfair, London
W1S 2PD
+44 207 0960 790


Winner of Investment Team of the year 2020/21 by STEP Private Client Awards
Runner up of Best Family Office in UK 2020 by Euromoney
Finalist: Family Office of the year - Magic Circle Awards 2020
Winner of Best Asset Manager and Family Office in UK 2018 by Euromoney