British digital bank Revolut has announced that it has hired banking veteran Deepak Khanna as its Head of Wealth and Trading.
Deepak Khanna was known for being HSBC’s head of wealth products and journeys.
He started on his new position in Revolut on Dec 14, Revolut said in a press statement on Monday (Dec 13).
Khanna is very experienced as he was for over 2 decades in wealth management. Other than HSBC, he has worked for ANZ Bank, Royal Bank of Scotland, ABN AMRO and ICICI Bank.
Also, in 2018, Deepak received the IBF Fellow award by Singapore’s Institute of Banking & Finance (IBF) for wealth.
On Dec 6, Revolut obtained a capital markets services license from the Monetary Authority of Singapore and is looking to implement its stock trading feature in the first half of 2022.
Deepak Khanna, Head of Wealth and Trading at Revolut said, “If we see wealth management today — the various offerings are expensive, manual, and impersonal. I believe a disruption is waiting to happen in this area and there is an immense opportunity for a player to provide such services in a simple and fuss-free manner.”
“Revolut is well-positioned to lead in this space, to provide a sustainable, digital alternative that is hyper-personalised and trustworthy,” he added.
Besides stock trading, Revolut Singapore announced it is also looking to bring Commodities and Cryptocurrencies to its customers. Revolut currently has around 16 million users worldwide.