InCred strengthens global wealth strategy with S Cube deal

By Parth Prabhudesai

InCred Capital Financial Services has announced the integration of S Cube Capital into InCred Global Wealth, subject to regulatory approvals, as the firm continues expanding its international wealth and asset management platform.

The move strengthens InCred Capital’s offshore investment capabilities and adds regulated fund vehicles to its Singapore business. It also follows the company’s recent acquisition of Arrow Capital DIFC, reinforcing its strategy to build investment connectivity across the Singapore–GCC–India corridor.

S Cube Capital is a Singapore-based fund management company regulated by the Monetary Authority of Singapore (MAS). Founded by senior investment bankers with more than 70 years of combined experience, the firm specialises in institutional investment management with a focus on fixed income and alternative investments.

Following the integration, S Cube Capital founders Balaji Swaminathan and Hemant Mishr will join InCred Global Wealth as Joint Vice Chairmen of the global asset management business.

Bhupinder Singh, founder InCred Group said the integration strengthens the group’s international investment offering.

“Welcoming S Cube Capital into the InCred family is a proud moment for us. As we continue to scale from a position of strength in India, their specialised expertise makes us a stronger partner to our clients,” Singh said.

Srikantan Selvamani, CEO at Incred Global Wealth added that the transaction expands the company’s regulated fund infrastructure and investment capabilities in Singapore.

“S Cube Capital’s combination of regulated fund infrastructure, fixed income and alternative expertise fits naturally within our platform,” Selvamani said.

InCred Capital currently operates across India, Singapore, Dubai and London, with more than ₹1 lakh crore ($10.5 billion) in wealth assets under management and approximately ₹10,000 crore ($1 billion) in asset management AUM.

The transaction reflects the growing trend of Indian financial institutions expanding internationally to serve cross-border wealth flows and global investment demand among high-net-worth clients and family offices.