DK Business Network
Shaji Kumar Devakar, former Executive Director at 360 ONE Wealth, has been appointed as the Co-Founder and CEO of Neo Wealth.
At 360 ONE Wealth, Devakar played a crucial role in expanding its presence across India and the Middle East. With over 20 years of experience, he previously held key positions at Deutsche Bank and Barclays.
Neo Wealth, founded in 2021 by Nitin Jain, offers wealth advisory and asset management services to high-net-worth individuals. The firm has rapidly emerged as a major player in India’s financial sector.
Recently, Neo Wealth secured $35 million in funding from Peak XV Partners, boosting its expansion plans. The firm manages $3 billion in Assets Under Advice and $360 million in Assets Under Management.
Devakar’s appointment is expected to drive further growth for Neo Wealth, leveraging his expertise in private banking and wealth management to enhance the firm’s market position and service offerings.
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