The private heritage management platform Neo Group has made a daring and friendly movement by adding Shajikumar Devakar to its executive panel, which indicates its intention to expand national and international Bothets activities. With approximately two decades of prestigious experience in private banking, Devakar has important leadership positions in Deutsche Wealth Management, Barclays Wealth and 360 One Wealth. His understanding DEP of the Ultra High Net clientele, the strategic insight and the history proven on the rich platform scale make it an addition that changes the game.
Devakar supervised the operations of southern India and administered global projects in the Middle East as 360 One Wealth Executive Director before joining Neo Group. His role consisted of managing a high performance team of senior private bankers and nurturing relations with marquee customers, showing his leadership and deep market information. The new strategic appointment provides significant value to Neo Group, improving its credibility and competitive advantage. With the extensive experience and global exposure of Devakar, the company is well positioned to accelerate its ambitious expansion and consolidation plans, while attracting top -level clients, experienced talent and institutional associations in the key markets.
With more than ₹ 40,000 million rupees in assets under administration, including ₹ 11.5 billion rupees in alternative investments, Neo Group is a powerful player in the private wealth market that quickly changes from India. Its first client philosophy has reached a sensitive fiber with ultra -height individuals (UHNWIS), family offices, institutional investors and promoters of listed and private companies. Supported by an institutionalized leadership team of 40 experienced professionals, many of whom have built and climb multimillionaire companies, the company combines a deep experience with a strategic vision. With a solid team of 600 high -caliber professionals, Neo Group is ready for the growth and leadership sustained in the competitive heritage management sector.
Devakar’s strategic appointment is in line with the aggressive intentions of Neo Group to grow his business in the United States and the Middle East and establish himself as an international company for preeminent heritage management with roots in Indian values and aspirations for the future. In a recent meeting of institutional partners, family offices and global collaborators, Devakar shared their enthusiasm not only for the impressive growth trajectory of the company but also for its mission, clientele and delivery model. The strength of Neo Group lies in its fusion of decades of experience in wealth management, solid investment capabilities and disruptive technology, all promoted by a dedicated high performance team.
The entrance of Devkar in the Senior Management of Neo Group marks a fundamental milestone in the trip to build a wealth platform ready for the future anchored in performance, trust and excellence of domain. Backed by Marquee Global Investors such as Peak XV Partners, Mitsubishi UFJ Financial Group (MUFG) and Euclidean Capital LLC, the company focuses on the significant scale, not only massively. A group spokesman emphasized that Devkar’s appointment reflects this deeper vision. Its arrival occurs in a critical set, since the private wealth ecosystem of India undergoes a seismic change: its population of HNI and UHNI is expected to grow at an invertible composition rate, with an invertible surplus size that has $ 2.3 billion by 2030.
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