Leading broking firm Angel One has roped in a group of seasoned wealth managers as co-founders to lead its private wealth management business.
Former Kotak Cherry executive Srikanth Subramanian has joined Angel One Wealth as co-founder and CEO of Angel One. Subramanian comes with more than twenty years of experience in investment and wealth management business.
Other co-founders include Shobhit Mathur and Dharmendra Jain. Shobhit will lead the wealth-tech and customer excellence teams and Dharmendra will bring his strategic expertise in 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 and Ultra HNIs.
“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 a digital disruption. With the addition of such accomplished leaders to our team, we aim to not only accelerate this growth but also enhance our presence in the full- stack financial services space,” said Dinesh Thakkar, Chairman and Managing Director, Angel One.
“The expertise of Srikanth and his team aligns seamlessly with this vision of ours. As we navigate the dynamic financial landscape, their strategic contributions will be pivotal in propelling Angel One to new heights,” Thakkar added.
“I am thrilled to be a part of the Angel One Group and build a tech-led omnichannel wealth management business. The innovative digital approach and established market position perfectly complements our goal of providing comprehensive financial solutions that cater to the evolving landscape of India,” said Srikanth Subramanian, CEO, Angel One Wealth.
Angel One Wealth said it has an experienced founding team comprising seasoned wealth managers and domain experts in technology, advisory and client engagement.
“Leveraging our expertise in technology, our platform aims to enhance decision-making on investments. With each of the co-founders having a domain expertise of about two decades and a strong foundation in technology, having built a platform catering to millions of users, the company aims to grow in the WealthTech space,” the broking firm said in a statement.
On Monday, Angel One’s shares are trading over 3% higher at Rs 2,924 on NSE.
