Mr. Bhandari is a graduate with distinction of the Massachusetts Institute of Technology (Mech Eng, S.B. Mintoo Bhandari, a former managing director at Apollo Global Management, is leading the venture alongside Brooker. The project has drawn funding from City of London veterans including former Panmure Gordon chief executive Ian Axe and London property developer Chris Murray. The jewel that holds us all together, Federica does so much more than manage our office and all its interactions, both internal and external. Conor is all about tailored lending solutions for you. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In her spare time, she is enjoying art, food and wine preferably all together! He is also the Chair at Which? Bhandari has led deals in Avantha Holdings and the buyout of GE Capital Services and Planet cast Media services. Vikash is involved in several philanthropic projects, including a previous Board membership of Spirit of 2012, a not-for-profit organisation set up to keep the spirit of the London 2012 Olympic Games alive. Many of them have three, four, five, or six properties, and they almost become professional landlords on the side, says Bhandari. He is the CEO and co-Founder of VAR Capital, a multi-family office focused on investment management and lending. How does the deal-making environment look? Before joining us, Ioannis headed up the innovation efforts for NatWests wealth management businesses, which include the Coutts & Co. and NatWest Premier brands. Before that, he worked with Harvard Management Company which manages the endowment of Harvard University. Prior to joining, he spent most of his career at McKinsey working with clients on strategy, revenue growth management and large digital transformations, specialising in consumer-centric organisations, and the use of data science. Works at Study (chess) Lives in Ludhiana, Punjab, India. Monument Bank founder and chief executive Mintoo Bhandari. Mintoo Bhandari Active New York, NY Senior Partner for Apollo Global Management, LLC (212)515-3200 The firm has appointed Mintoo Bhandari to head the India operations, who was till now a partner at the UK unit of Apollo Management. Mintoo Bhandari's Profile | FinTech Futures, Fintech Finance & News MUMBAI: Mintoo Bhandari, India head of global private equity fund Apollo Global Management, will relinquish his responsibility of day to day fund management and move to a senior advisory role, said three people with direct knowledge of the development. There are very few CEOs in the industry who go out of their way to ensure personally that their customers are happy and BK Goenka is one of them. With a very successful career over 35 years in banking, Niall brings a wealth of wisdom, knowledge and experience to Monument. But after a glass of whisky, the fun begins and the guitar is out. Mintoo Bhandari is currently associated with Welspun Enterprises Limited appointed as Nominee Director and the paid-up capital Welspun Ente See More. It actually costs so much more to modernise your technology than build it from scratch, Khouri said. Bhandari is a former managing director at US investment giant Apollo Global and is one of a number of high finance veterans associated with the project. She is also the co-founder of a female charity network. Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing. Do you think backing holding companies or a 2-3 promoter group company is a more interesting proposition for larger funds? She has acquired a strong commercial outlook from senior roles in Strategy, Pricing and Acquisitions & Partnerships. In his spare time, he pretends to go (and like) boxing. When there is an attractive but complicated and challenging situation, we believe that Apollos investors can get compensated for that complexity as most private equity firms shy away from such situations and generally dont focus on the industries which pose such challenges. We are fundamentally a value-oriented and often contrarian investor. He was a Term Trustee in Singapore Indian Development Association (SINDA) for a period of 12 years. Mintoo Bhandari - Biography Prior to that, he spent 7 years at Barclays Wealth in the UK. Mintoo Bhandari, the India head of NYSE-listed alternative assets manager Apollo Global Management, is moving to a senior advisory role within the firm, a person familiar with the development told VCCircle. About Mintoo Bhandari. Learn more about Banking. Amit Bhandari, Biourja Trading LLC: Profile and Biography Manta Bhandari. In his spare time, you might find him working on charitable initiatives or in the gym. Iestyn also supports the worlds greatest rugby nation, which for those outside Wales, is Wales. Monument is targeting clients worth between 250,000 and 5m, putting it in competition against the likes of HSBC and Barclays. Minda Corp moves competition watchdog for buying stake in rival, Two suitors left as race narrows for TPG's stake in green energy firm, Prolific angel investor Rajesh Sawhney's GSFshown red signal for delayed VC fund, PE firm WestBridge Capital bumps up stake in private lender, Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC, World Bank set to launch more robust, transparent business climate rankings, In India, Apollo Is A Contrarian Investor: Mintoo Bhandari. Since lockdown Sav has become a keen runner and has also developed a mild obsession with his daily step count. Mr. Rajaram is Chairman of Millennium Spire Investment Holding Ltd. and Chairman at K&L Gates Straits Law LLC. 4 Ed Sheeran - $2.4 million per show. He worked in several digital agencies and has involved in professional teams before joining Monument. In her spare time, Laura enjoys exercising, spending time with her dog Peaches, and, when she isnt cooking - going out to her favourite restaurants with friends. And the one thing that India sorely needs to sustain its growth and become more competitive is improved infrastructure. Hes also held roles at Booz & Company and at Sapient as a technologist. The action you just performed triggered the security solution. But stay where you are for your current account. Typically, Apollo will look to invest anywhere between $150 million and $1 billion out of this current global fund. In India, among other things, Mr. Bhandari established a strategic partnership with ICICI Bank, Indias largest non-government bank and designed a unique and pioneering fund strategy for investing in buyouts, special credits and distressed assets and led the fundraising of what became the largest PE fund in the country during the period of its launch in 2012. Download The Economic Times News App to get Daily Market Updates & Live Business News. An entrepreneur and co-founder, Vikash brings a diverse range of knowledge and experience. Contact Mintoo, search articles and Tweets, monitor coverage, and track replies from one place. Digital bank for 'mass affluent' set to launch later this year Monument has been in development for 18 months and currently has 12 full-time staff. Property of Mosaic Media Ventures Pvt. Information about a company that has been registered at this address is available to us Narindar K Bhandari, LLC. On the business side, we are looking for businesses that have genuine, sustainable advantages and that we are confident are well-positioned for the long run. Feike studied Economics and post-graduate Accountancy at the Vrije Universiteit in Amsterdam and he holds a Master of Business Administration degree from Rochester University, New York. The bank takes its name from the Monument to the Great Fire of London in London, which is colloquially known as simply Monument. He has an unrivalled breadth of experience, from operations through to commercial credit underwriting, advising private clients, running teams and managing relationships. Digital bank for 'mass affluent' set to launch later this year Financial Services. Steve brings 30+ years of technology management experience to our Board. Today, Dababy's reported net worth is around $7 million. Summary. Last year, the company achieved 19 per cent EBITDA margin, one of the highest in the industry and very exceptional for a metals business, on approximately $1.7 billion of revenue, but he is not satisfied. Cloudflare Ray ID: 7c0e749e1df7382b In love with history (and we hope numbers), Iestyn brings 20 years of diverse experience in Financial Services. A London Business School professor (and former Dean), who has also had a very successful career in commercial life and government. Dubai Investments Acquires Stake in Monument Bank, UK based Digital Bank. In his spare time, he will be playing superhero themed Lego. All the demands were on us as clients rather than on the bank., READ MORE: Starling Bank seeks 35m in new competition funding: 'We're a safe pair of hands'. Copyright 2023 VCCircle.com. Mr. Bhandari was also previously a member of the private equity team, and later a manager of hedge fund capital, at the Harvard Management Company, which manages the endowment of Harvard University. Prologue, partie 2 : les progrs accomplis dans la ralisation de l'ODD 6 Feike is a Dutchman who has lived and worked in the UK for 14 years. So a lot of large institutions either retreated from the space or never really got adequate traction., The exception, in Bhandaris mind, is a particular well-known American credit card company that he praises for doing an excellent job in the space, but I think their model is still stuck in the 1980s and 1990s.. Mintoo Bhandari - VC DATALAB We believe that the blended entry price we were able to create at Welspun is very compelling and it compares very favourably to other private equity deals done in India over the last decade, he explains. We are grateful to Mintoo and everyone else involved in getting us to the stage of becoming a fully-licensed UK bank amidst a global pandemic and great economic uncertainty. In his spare time, he is on the PlayStation with his son or practicing Karate together. Bhandari will now be proactively work with Nobel Peace laureate Kailash Satyarthi and help his foundation raise money for social causes, the sources said. Were here for our clients and the level of service they deserve. Property of Mosaic Media Ventures Pvt. Passionate about customer service, in-app experiences, and creative content that drives engagement, Laura seeks to nurture the best matched brand relationships for Member Services. He has also held senior fiduciary, asset management positions at the world's largest university endowment (Harvard University) and Apollo Global Management (APO NYSE). And the banks lending will be funded by a range of savings products, from easy access to fixed savers, with Monument taking a quite attractive spread in the middleclassical 1,000-year-old banking is how Bhandari describes it. His past non-executive directorships include the Bank of England and Barclays plc and he is currently the senior national independent director of Times Newspapers Holdings Ltd and a director of quoted insurance Lloyds underwriter Beazley plc. Fintech and alternative finance headlines with an exclusive Editor's Note each week. In our deal flow development, we tend to be very outbound-oriented and try to stay in active dialogue with promoters in these sectors. Erdi holds a Bachelors degree in Computer Programming from Bahcesehir University in Istanbul, Turkey. Sav is a Relationship Manager with over 20 years experience in lending, origination and credit. These are the sectors which Apollo knows well globally and therefore, we are confident of adding value to those here in India. He also has a passion for gardening, although thats not always clear looking at his garden. In his spare time, hes probably assessing the risk of a recent news article if not cooking, wine tasting or wine collecting (he has a level-3 diploma from the Wine & Spirits Education Trust), reading and running. Mintoo Bhandari Chief Executive Officer Monument Bank Limited Bank CEO announces that Monument achieves full banking licence. A key thread throughout Helenes career is growth and change supporting companies through both internal and external growth, but also coaching and mentoring entrepreneurs and professionals for personal growth and professional development. Sav started his career at the Bank of Cyprus as a Graduate Trainee where he learnt the fundamentals of good lending and customer first relationship management. As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work. Monument Raises Over 28M in Series A Funding He is helping to build a world class, plug-and-play banking platform at Monument. She was on the Board of SEEDA with responsibility for Business and Tourism as well as being a founder member of the Kent Tourism Alliance, Chair of KM Radio, and one of the Trustees behind the building of the Turner Contemporary Art Gallery in Margate. Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. Customers can also track their net worth and source advice on things like property law and inheritance. For a year or so before the investment, we were interacting actively interacting with BK Goenka. All we're doing is saying, come to us for service, come to us for better deposit rates, come to us for complex lending.. Bhandari said he was not fazed at the prospect of launching a new bank in the midst of a pandemic. 2020: When five years of digitisation took place in oneOn 1 January 2020, as we welcomed a new year, little did we know how the world would be transformed over the coming months. Instead the mass affluent sit just above the DIY retail market and might need extra service and support to deal with their increasingly complex financial lives. Ioannis holds a BA(Hons) in Economics from Durham University. Monument Bank is in the late stages of securing a banking licence and expects to launch later this year. He led, developed and oversaw the development of AION, a market-leading credit-focused fund on behalf of Apollo Global Management and its banking partner ICICI. As a regulator (FSA and then PRA/FCA), he managed the Change in Control team and was responsible for approving several high-profile new bank entrants, after which he was hired to grow PwCs bank start-up team, making it a market leading practice. AltFi - Mintoo Bhandari For his contributions to Society and to the business community, he was bestowed the PBM (Pingat Bakti Masyarakat The Public Service Medal) by the President of the Republic of Singapore in 2009. In his spare time, hes watching football and hasnt missed a Wales game in 8 years. Rand takes the reins from Mintoo Bhandari, current CEO and co-founder, who has led Monument from its inception to the achievement of full banking licence and commercial launch late last year.. The difficult terrains and environments that these pipelines must traverse and the pressures they have to withstand create a very high technical bar that puts a premium on technical excellence. Bhandari is also on the board of directors of Welspun Corporation where Apollo invested $350 million in 2011. Find out more, 1 Poultry, He wants to build a more global, more efficient company a genuine market leader and he has many focused, thoughtful ideas on this subject. in Mechanical Engineering and earned his MBA at Harvard. If hes not training for his next race he is probably talking about it. Meet the mass affluent In her banking career, Fiona worked for Barclays, Daiwa Europe Bank, NatWest Capital Markets and most recently, Goldman Sachs. And if not, you will find him in the theatre with a glass of wine. in Electrical and Electronics Engineering and a MBA from IIT, Delhi. He has held CIO positions across investment banks, private banks, brokers and other financial services firms and has led the delivery of complex technology implementations and transformations. The next steps that PE investors would like to see in the evolution of the regulatory environment are those that will allow us to help take companies private efficiently. If I can summarise what excites us about Welspun, it is the unique combination of positioning and potential. So I believe I can get to breakeven, you know ideally I'd like to do it in the first year, on the outside, it'll be in year two, he says. Steve holds a MA Economics from the University of Cambridge. In her spare time, Helene seeks new experiences and is an arts & art de vivre lover. First of all, Bhandari is keen to distinguish precisely who Monument Bank is talking about when it refers to the mass affluent. Monument Bank Limited (10921940) is registered in England at 33 Cavendish Square, London, W1G 0PW. Prerna joined Monument's mobile team as an Android Developer focused on delivering innovative product features. He had also worked with Harvard Management Company, which manages the endowment of Harvard University. We often say that we want to get compensated in valuation for taking on complexity and for investing in sectors in which other private equity firms have less expertise. EMEA +44 20 7330 7500. He has been the Chief Finance Officer of the on-line retail bank ING Direct UK and subsequently held Chief Risk Officer positions at Coventry Building Society, Tesco Bank, Kensington Mortgages and the start-up Revver bank. Mr. Bhandari is the principal founder and a leading shareholder of London based Monument Bank Limited ("Monument") which is a digital-first platform focused on providing financial services (with a Bank of England full-banking license) providing digital access to high-value services and technology solutions in various geographies around the world. Meenakshi K Bhandari, Narindar K Bhandari, and seven other persons spent some time in this place. Mintoo Bhandaris bank is on a mission to help millionaires. The startup bank will target customers with a net worth of between 250,000 ($316,140) and 5m, a segment of the market its founders say is underserved. At Monument, he is determined to build a world class, plug-and-play banking platform. Also, what is the sweet spot for your investments? Mintoo Bhandari | Director Profile | The Company Check We are also looking at different opportunities in real estate space, but are doing so in a very measured manner. Apollo is fundamentally a value investor and in a high-growth environment like India, that translates into being a contrarian investor. Of course, no Welspun pipes were involved but the incident generally sensitised the public to the need for fail-proof, high-quality systems in the oil & gas space. But really, its just burning calories before dinner. He has also held senior fiduciary, asset management positions at the world's largest university endowment (Harvard University) and Apollo Global Management ("APO" - NYSE).

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