mintoo bhandari net worth mintoo bhandari net worth

One of the factors fundamental to the investments which we pursue in India is that we seek to ensure that the promoter we are backing has a vision similar to ours. People who expect their loyalty to be rewarded and seek the service they deserve. He was the CEO who led the turnaround of The Co-operative Bank and prior to that was Group Managing Director at HSBC and CEO of HSBC North America. Mintoo also has significant experience in customer service and outsourcing industries as a Board Member of Integreon and SourceCorp, among others, and gained exposure to the large-scale consumer service delivery as a Board Member of DishTV India. Founder of Monument Bank Ltd., Mintoo Bhandari presently is Managing Director at AGM India Advisors Pvt Ltd. Mr. Bhandari is also on the board of SOURCECORP, Inc., Apollo India Private Equity II (Mauritius) Ltd., Welspun Maxsteel Ltd. and Insight Solutions Ltd. DaBaby's reported annual income is more than $500,000 per year and over $45,000 each month. As a Product Manager at Monument, Ioannis is intent on making financial institutions more than just places to store and access money. Niall is also the Chairman of the College Council at Glenalmond College and a NED at Non-Standard Finance. As an academic, Andrews working and non-working time tend to merge. Mintoo is currently living at 8228 Verbeck Driv, Manlius, NY 13104-9320. Minda Corp moves competition watchdog for buying stake in rival, Two suitors left as race narrows for TPG's stake in green energy firm, Prolific angel investor Rajesh Sawhney's GSFshown red signal for delayed VC fund, PE firm WestBridge Capital bumps up stake in private lender, Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC, World Bank set to launch more robust, transparent business climate rankings, Apollo Globals Mintoo Bhandari takes on advisory role, to move to UK. We and many other private equity firms active in India recognise that there may be an opportunity in providing more flexible financing. In her spare time, Laura enjoys exercising, spending time with her dog Peaches, and, when she isnt cooking - going out to her favourite restaurants with friends. In his spare time, he will be playing superhero themed Lego. We are also looking at different opportunities in real estate space, but are doing so in a very measured manner. Passionate about customer service, in-app experiences, and creative content that drives engagement, Laura seeks to nurture the best matched brand relationships for Member Services. Welspuns principal business is the manufacture of large-diameter oil & gas pipes, used to build pipelines for transporting oil & gas, generally over long distances. After starting his career at Price Waterhouse as an auditor, he has worked in retail banking for nearly 25 years. He received an MBA from Maastricht School of Management and a graduate degree from National University of Singapore. Since lockdown Sav has become a keen runner and has also developed a mild obsession with his daily step count. Anita is a member of Women on Boards UK and holds a BSc degree in Psychology from the University of Durham. He wants to build a more global, more efficient company a genuine market leader and he has many focused, thoughtful ideas on this subject. At Monument Bank, Mintoo Bhandari has 15 colleagues including Ian Rand (CEO), Vikash Gupta (Director) . iOS Lead with over 10 years of experience in software development. One of the elements that we look for is the quality and depth of management, which Welspun has in abundance. 2020: When five years of digitisation took place in oneOn 1 January 2020, as we welcomed a new year, little did we know how the world would be transformed over the coming months. We can democratise service thats available to the Ultra High Net Worth community and the way we can do that is because of the collapse in technology cost.. We think its a very positive, prudent move. "I actually experienced the pain. At Monument, he is determined to build a world class, plug-and-play banking platform. In her spare time, Helene seeks new experiences and is an arts & art de vivre lover. Here, at Monument, he is doing much of the same, except this time he is also solving a frustration he's personally experienced. We are a UK bank built to meet the needs of a community which deserves attention and recognition. Market swings in the USA directly impact the Indian markets and just like the USA, the velocity of transactions diminishes when there is volatility and downward pressure in the Indian markets. We are grateful to Mintoo and everyone else involved in getting us to the stage of becoming a fully-licensed UK bank amidst a global pandemic and great economic uncertainty. Helene brings a 30-year career in Financial Services, most recently as CFO at Capital One UK and of European CFO at EVO Payments. Ioannis holds a BA(Hons) in Economics from Durham University. Potential clients include bankers, lawyers, property developers, and doctors. Asia Pacific +65 6212 1000. They can raise equity and they can raise senior secured bank debt but there isnt much available in-between. He led, developed and oversaw the development of AION, a market-leading credit-focused fund on behalf of Apollo Global Management and its banking partner ICICI. Currently he is CIO at Bupa, and prior to that he was CIO and subsequently COO at The Co-operative Bank plc where he led a successful technology migration and was a key member of the Executive team which turned the bank around. With over 20 years of experience, Sudip has built technology platforms for start-ups as well as very established institutions in the UK. Prior to founding Monument, Mr. Bhandari was, until early 2018, Senior Partner of Apollo Global Management (NYSE APO) and Senior Partner & Managing Director of Apollos India vehicles: AGM India Advisors Pvt Ltd and AION Capital Partners. Read more: Starling CEO Anne Boden on Bounce Back loans and growing during COVID-19 pandemic. Prior to joining, he spent most of his career at McKinsey working with clients on strategy, revenue growth management and large digital transformations, specialising in consumer-centric organisations, and the use of data science. Khouri compared big banks IT systems to a spaghetti of integration and said Monuments systems were more Lego-like, combining best in class cloud services. And some of its potential can be realised through backward integration and consolidation in a market that is still fragmented and has few focused and committed players. Steve brings 30+ years of technology management experience to our Board. But that goes with Apollo's DNA, which is a value investor, making contrarian investments in high-grown markets like India, says Mintoo Bhandari, Apollo Management's Senior Partner and MD of its local affiliate AGM India Advisors. Do you have any plan to bring that in India? Monument Bank Limited (10921940) is registered in England at 33 Cavendish Square, London, W1G 0PW. Our technology leader. He left Apollo Global Management after nearly 12 years as a Senior Partner and Managing Director, working in New York, London and then successfully setting them up in India. Iestyn also supports the worlds greatest rugby nation, which for those outside Wales, is Wales. Prior to focusing his efforts on investing in India, Mr. Bhandari began his investing career at the Harvard Management Company (which manages the endowment of Harvard University) and was later a member of a Harvard affiliated team providing advice on privatization, enterprise restructuring and the sourcing of foreign direct investment in Russia and other emerging markets. He brings with him over 30 years of technology experience across a wide range of financial services organisations. Conor is all about tailored lending solutions for you. We have built Monument from the ground up, precisely for this community. Prior to that time, Mr. Bhandari was managing director of The View Group, an India-focused private equity firm. There will always be rise and fall in transaction volumes in sync with enthusiasm level and capital availability in the markets. While its 22-month-old investment in Dish TV is currently at 2x, the investment in Welspun Corp has come at nearly 50 per cent premium per share. All rights reserved. He is also the Vice President of the Dyslexia Association of Singapore, Deputy Chairman of the Board of Trustees and Executive Committee of the Institute of South East Asian Studies (ISEAS). Bhandari is also keen to devote more time to the social sector and will work closely with Nobel laureate Kailash Satyarthi and Harvard Endowment Fund, said the person cited above. Having unexpectedly landed in the technology start-up space right after University, Laura has spent 5 years immersed in the world of apps that are designed to enhance the lives of high-net-worth individuals. About Mintoo Bhandari. But it isnt always easy, for organisational or other reasons, to pull the trigger when markets are choppy. Co-founder, Mintoo Bhandari, will be passing the baton to Ian, and taking up a new role as Global Head of Corporate Development at Monument. Mintoo Bhandari Chief Executive Officer Monument Bank Limited Bank CEO announces that Monument achieves full banking licence. He worked in several digital agencies and has involved in professional teams before joining Monument. Sav is a Dad to two football mad boys; most of his spare time is spent taking them to football training, futsal training and football matches. Helene is also a Trustee on the EDHEC Business Schools foundation. Vikash is involved in several philanthropic projects, including a previous Board membership of Spirit of 2012, a not-for-profit organisation set up to keep the spirit of the London 2012 Olympic Games alive. These are the sectors which Apollo knows well globally and therefore, we are confident of adding value to those here in India. Helene is a Non Executive Director with humm, the UK subsidiary of the consumer and commercial finance Australian-listed group. With his ability to learn quickly and being a productive and strong team player, he joined Monument to help to build and deliver the next unique experience. Nihar holds a MSc in Finance with Distinction from the University of Strathclyde and BSc in Finance from Pennsylvania State University. He is also the Chair at Which? He led, developed and oversaw . She is also the co-founder of a female charity network. In the past Mr. Bhandari was Director & Global Head-Corporate . As stone replaced wood, the Citys foundation became stronger. The firm has appointed Mintoo Bhandari to head the India operations, who was till now a partner at the UK unit of Apollo Management. If I can summarise what excites us about Welspun, it is the unique combination of positioning and potential. He is the CEO and co-Founder of VAR Capital, a multi-family office focused on investment management and lending. If there are additional opportunities and companies that fit these criteria within a promoter group in which Apollo has invested, it obviously is easier to pursue an investment in them as we already have the comfort level and confidence in the promoter and the team. You can email the site owner to let them know you were blocked. We are fundamentally a value-oriented and often contrarian investor. United Kingdom, Alternative Lending During A Downturn Report, Monument launches market-leading 5-year 2.2% savings rate (if youre wealthy enough), Monument co-founder hands over CEO role to ex-Barclays boss "to scale the bank", New neobank Monument readies for launch after regulator lifts restrictions, Monument Bank founder: Mass affluent banking is our path to profitability in 24 months, New digital bank for the rich Monument secures restricted UK banking licence. He wont tell most people, but he was once known for his inverted iron-cross and similar feats. Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing. When it launches, Monument will go head-to-head with the likes of HSBC (HSBA.L) and Barclays (BARC.L), which have traditionally dominated the market. Having created HSBC Premier in the UK over 20 years ago, Steve readily identifies with and understands our community well and he is obsessed with serving it in the right way. One of the most novel things about Monuments strategy is that the bank doesnt intend to offer its customers a bank card, or indeed a current account at all. We think that there will be very attractive opportunities in the arena but they will have to be pursued carefully as the sector still has some challenges ahead. Fintech and alternative finance headlines with an exclusive Editor's Note each week. A risk expert through and through, Martin held senior roles at a variety of large institutions as well as some recent Fintechs. Ian has worked in finance for over 20 years, most recently leading Business Banking at Barclays, and during his career has developed 2 passions for clients, and the technology that helps them fulfil their ambitions. He had also worked with Harvard Management Company, which manages the endowment of Harvard University. The jewel that holds us all together, Federica does so much more than manage our office and all its interactions, both internal and external. Investment Manager and Investor. Wasim Khouri, Monuments chief strategy officer, said the startup was not perturbed at the prospect of competing with these giants. He needs to be focused on creating meaningful value and committed to continuous improvement. But Bhandari is not worried. Since both your investments are in listed companies, is Apollo Management more focused on PIPEs in India? So the opportunity to invest in sizeable private companies is much more limited here than it is in many other markets across the globe. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Mr. Bhandari was also previously a member of the private equity team, and later a manager of hedge fund capital, at the Harvard Management Company, which manages the endowment of Harvard University. Do you think backing holding companies or a 2-3 promoter group company is a more interesting proposition for larger funds? The report said that Kalpesh Kikani and Parth Gandhi will lead the Apollo and Aion Capital teams in India. In his spare time, you might find him working on charitable initiatives or in the gym. For his contributions to Society and to the business community, he was bestowed the PBM (Pingat Bakti Masyarakat The Public Service Medal) by the President of the Republic of Singapore in 2009. The need for technical excellence and reliability was highlighted during the BP oil spill. She holds a degree in Science in Planning and Urban Design from the University of Naples Federico II. AltFi provides market-leading news, opinion, insights and events for the rapidly-growing alternative finance and fintech community. When it launches in the Summer of 2021, the bank will provide savings . Monument claims to be the first digital challenger in the mass affluent space. Prerna holds a B-Tech in Computer Science from Visvesvaraya Technological University, India. Corporate author : UNESCO World Water Assessment Programme Person as author : Connor, Richard [author] Person as author : Coates, David [author] Alex prefers two wheels and enjoys motorbikes, in addition to competing against himself in cycling and triathlon events across Europe. He is a past Chairman of the Singapore Indian Chamber of Commerce and currently an Emeritus Chairman. In India, among other things, Mr. Bhandari established a strategic partnership with ICICI Bank, Indias largest non-government bank and designed a unique and pioneering fund strategy for investing in buyouts, special credits and distressed assets and led the fundraising of what became the largest PE fund in the country during the period of its launch in 2012. Our approach in India is focused on certain sectors. Market regulator SEBI has recently come out with changes to the takeover code, increasing the open offer limit to 25 per cent. London, The acquisition of one of the largest credit operations in India, GE Capital India, through the AION fund and then rebranded Clix Capital. Companies, with as little as a few million dollars in EBITDA, can go public. Americas +1 212 318 2000. This byline is mine, but I want my name removed. Of course, private equity investments arent done unilaterally. What do you think of it? But in your hands, it can become so much more. It is going to take a lot of capital, energy and effort, as well as the right regulatory environment, to build the much-needed infrastructure. The startup bank will target customers with a net worth of between 250,000 ($316,140) and 5m, a segment of the market its founders say is underserved. He was also the Chair of the Risk Committee for Chetwood Financial and helped Equifax go through the FCA Authorisation process following changes in the UK consumer credit regulations.