8.6 C
New York
Sunday, January 16, 2022
Home Challanger banks Deepak Khanna becomes Revolut's new head of wealth and trading

Deepak Khanna becomes Revolut’s new head of wealth and trading

British digital bank Revolut has announced that it has hired banking veteran Deepak Khanna as its Head of Wealth and Trading.

Read also: Nik Storonsky wants UK banking license by the start of 2022

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.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut is launching as a bank in 10 more European countries

This means the London-based digital bank is now offering deposit protection of up to € 100,000 to local customers in the particular markets.

Starling has stopped advertising on Facebook and Instagram

The CEO Anne Boden says the company won’t advertise on Facebook or Instagram ‘alongside scammers who are going after the savings of our customers.

Commodities trading now enabled by Revolut for Singapore users

The Monetary Authority of Singapore (MAS) has given permission to Revolut to allow customers to trade gold and silver on its platform.

Tencent takes stake in Monzo Bank

The tech giant from China Tencent has taken a minor stake in Monzo Bank after joining Monzo's latest funding round.