Bajaj Financial Solutions, a subsidiary of Bajaj Finserv, has appointed Arpit Agarwal as chief executive to spearhead its launch into advisory-led financial services in India, WealthBriefingAsia, the sister publication to WealthBriefing, has exclusively revealed.

Mr Agarwal is the former chief executive and managing director of Dawnay Day AV, a joint wealth management venture between UK-based Dawnay Day International and well-known Indian investor Alok Vajpeyi, which was launched in 2005 to target India’s high net worth individuals individuals and the mass affluent investor population. Mr Agarwal was instrumental in sourcing several meaningful local and overseas buyers, and the financial services business of Dawnay Day AV was successfully sold to a PE firm.

Mr Agarwal is joined at Bajaj Financial Solutions by a team comprising Surabhi Gupta, Sajjan Raut Desai and Yogesh Bajaj, who previously worked with him at Dawnay Day AV.

In his new role Mr Agarwal reports to Sanjiv Bajaj, the managing director of Bajaj Finserv, who oversees the financial services interests of the Bajaj Group, including Bajaj Allianz Life Insurance, Bajaj
Allianz General Insurance, Bajaj Auto Finance and the recently launched Bajaj Allianz Asset Management.

Prior to his work with Dawnay Day AV, Mr Agarwal is also credited with having launched and built up sizeable Indian private banking businesses for DSP Merrill Lynch (1993-1998), BNP Paribas (1999-2002) and ICICI Bank (2002-2006).

Mr Agarwal is also a member of WealthBriefingAsia's editorial board.