Angel One Launches Wealth Management Business with Kotak Execs

By By Rediff Money Desk, MUMBAI
Mar 01, 2024 21:52
Angel One ropes in top executives from Kotak Mahindra Bank to launch its wealth management business, targeting emerging HNIs and Ultra HNIs.
Mumbai, Mar 1 (PTI) Domestic brokerage Angel One has roped in top executives from a Kotak Mahindra Bank arm to launch its wealth management business.

Srikanth Subramanian, the former chief executive of Kotak Cherry, will be the co-founder and chief executive of Angel One Wealth, an official statement said.

His colleagues from the Kotak Mahindra Bank group -- Shobhit Mathur and Dharmendra Jain -- will also join Angel's new business as co-founders, it added.

Mathur will lead the wealth-tech and customer excellence teams, while Jain will look at investment solutions and products.

The new business leaders will collaborate with Angel One in tapping opportunities in the wealth management space, catering to the growing needs of emerging HNIs (high networth individuals) and Ultra HNIs, according to the statement.

"The wealth management business has witnessed significant growth over the last decade with rising affluents in our country. We believe this space is ripe for digital disruption," Angel's chairman and managing director Dinesh Thakkar said.

The wealth management business will help it enhance its presence in the full-stack financial services space, he added.
Read More On:
angel onewealth managementkotak mahindra bankhnisultra hnis
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

NCLAT Upholds Sale of Golden Jubilee Hotels,...

The NCLAT upheld the sale of Golden Jubilee Hotels to a Singapore-based entity,...

Aurobindo, Glenmark Recall Products in US Due...

Aurobindo Pharma, Glenmark, and Zydus are recalling products in the US due to...

Sarovar Hotels Expands Highway Hotels & Resorts...

Sarovar Hotels is expanding its focus on highway hotels & resorts near major cities,...

Mexico, Canada, ASEAN Gained More from US-China...

A GTRI report reveals Mexico, Canada, and ASEAN benefited more from the US-China trade...

Auto Expo 2025: Record Participation, 34...

The upcoming Auto Expo 2025 will see a record 34 vehicle manufacturers participate,...

Suchi Semicon Starts Chip Production Without...

Gujarat-based Suchi Semicon has begun semiconductor production without government...

India's Russian Oil Imports Drop in November

India's imports of Russian crude oil fell in November, but Russia remains India's...

Satin Creditcare Focuses on Risk Management for...

Satin Creditcare Network Ltd (SCNL) is prioritizing innovative risk management and...

Tata Steel Secures Iron Ore Supply for Future...

Tata Steel is securing iron ore supply for its growing steel production by engaging...

Nissan to Increase Headcount in India Despite...

Nissan plans to expand operations in India, adding headcount and production despite...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com