Angel One makes strategic foray into private wealth management with new leadership
In a significant move that underscores the growing intersection of technology and finance, Angel One, one of India’s leading fintech entities, has announced its venture into the private wealth management sector. This strategic expansion is led by a team of seasoned wealth managers, including Srikanth Subramanium, who takes the helm as Co-Founder and CEO of Angel One Wealth Limited. With a rich background of over twenty years in investment and wealth management, primarily with Kotak Cherry, the digital wealth management division of Kotak Mahindra Bank, Srikanth brings a wealth of experience to the table. Accompanying him as co-founders are Shobhit Mathur, who will oversee the Wealth-Tech and Customer Excellence departments, and Dharmendra Jain, responsible for strategic investment solutions and products.
The entry of Angel One into wealth management is timely, considering the sector’s substantial growth over the past decade, fueled by the increasing number of high-net-worth individuals (HNIs) and ultra-HNIs in India. Dinesh Thakkar, Chairman and Managing Director of Angel One Limited, highlights the potential for digital disruption in this space. The addition of Srikanth and his team is seen as a pivotal move to not only catalyze growth but also solidify Angel One’s presence across the financial services spectrum. This initiative is expected to leverage the company’s technological prowess to innovate and democratize wealth management for India’s affluent.
Under Srikanth Subramanian’s leadership, Angel One Wealth Limited aims to establish a tech-led omnichannel platform that offers comprehensive financial solutions. The vision is to adapt to the evolving financial landscape of India and make wealth management accessible to a broader audience. The founding team’s collective expertise in technology, advisory, and client engagement positions Angel One Wealth Limited to make informed investment decisions, benefiting millions of users.
Angel One Wealth Limited boasts a foundation built on nearly two decades of domain expertise among its co-founders, setting a robust stage for growth in the WealthTech sector. The company’s strategic approach combines technological innovation with seasoned insight, aiming to cater to the dynamic needs of emerging HNIs and Ultra HNIs in India.
The venture of Angel One into private wealth management, spearheaded by a team of industry veterans, marks a significant milestone in India’s fintech evolution. This move not only showcases the potential for digital innovation in wealth management but also signals a shift towards more inclusive financial services. By leveraging technology to enhance decision-making and customer engagement, Angel One is poised to redefine wealth management in India, making it accessible and efficient for its growing affluent population.