People Moves

India's 360 ONE Wealth Names CEO For HNW Business

Editorial Staff 22 November 2023

India's 360 ONE Wealth Names CEO For HNW Business

The Mumbai-headquartered group has made a number of appointments as it continues to develop.

360 ONE Wealth, the Indian wealth management firm that is part of holding company 360 ONE, has named Satheesh Krishnamurthy as the CEO of its digitally-driven high net worth business.

Krishnamurthy will drive strategic growth, building the brand, distribution footprint, product stack, platform, and overall success in this client segment, 360 ONE Wealth said in a statement earlier this week.

“Satheesh's wealth of experience and in-depth knowledge of HNWIs in India will significantly enhance our firm's pursuit of delivering innovative, best-in-class services to this high-potential market segment,” Karan Bhagat, founder, managing director and CEO of the firm, said.

Prior to this role, Krishnamurthy was involved in launching the brands of Axis Bank catering to affluent and private banking clients. Before Axis Bank, Krishnamurthy worked with Citibank, working across multiple geographies, and headed Citigold.

Elsewhere, Parinaz Vakil, who has been with 360 ONE Wealth for more than a decade, has been appointed as head of digital products for the HNW business led by Krishnamurthy. She has led the family office and client analytics team, among other roles.

The new team will include Jitendra Chandwani, director practice head, who has been with 360 ONE Wealth for five years and Bhushan Sonkusare, chief technology officer, who recently joined the company.

In September, 360 ONE, formerly known as IIFL Wealth & Asset Management, launched a global platform. As part of the move, it has recruited industry veteran Vikram Malhotra as the co-founder and CEO of 360 ONE Global, as the platform is called. 

The firm, which has more than $46.5 billion under management, is headquartered in Mumbai. It recently won an award from this news service.

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