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Wasim is obsessed with two things: a client-first approach and use of modern technology to deliver our strategy. After graduating, she spent 9 years in operational leadership roles within customer service and mortgage & insurance sales before making the transition to HR. Bhandari is also on the board of directors of Welspun Corporation where Apollo invested $350 million in 2011. 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. The reality is that investors are not looking to take over a company just because they would like to hold more than 15 per cent of its equity. After starting his career at Price Waterhouse as an auditor, he has worked in retail banking for nearly 25 years. In India, we will focus on these sectors because we believe that we can add meaningful value to those and also because we believe that it makes sense here from the perspective of comparative advantage and the economics of the value chain. At its basics, its banking. Having started his career at Lloyds, he joined us from Target Group, where he held CFO and interim CEO positions. He is really excited about his role at Monument helping to build and scale a truly modern, digitally enabled bank for our clients. Steve brings 30+ years of technology management experience to our Board. London, Related Story. Mintoo Bhandari - Senior Partner & Managing Director @ Apollo 9 W 57 St, New York, NY 10019. Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. He needs to be focused on creating meaningful value and committed to continuous improvement. Bhandari will also step back from his direct leadership role at Aion Capital Partners, a special situations-focused joint venture launched by Apollo and ICICI . But an investment firm considering these markets has to develop a carefully tailored strategy for each market, as they are very different. Monument therefore reflects our purpose as a new bank that will deliver strength, appreciation, and a visionary path forward. Mr. Bhandari is also currently active in various charitable and social impact initiatives including serving as Strategic Advisor to Kailash Satyarthi (Awarded Nobel Peace Prize, 2014), and is the Chairman of the UK Kailash Satyarthi Childrens Foundation, co-founder of the Freedom Fellows Scholarship Program and former member of the Finance Committee and Council of Governors of UCL (University College London), one of the leading institutions of higher learning in the UK. 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. Sav is a Relationship Manager with over 20 years experience in lending, origination and credit. Property of Mosaic Media Ventures Pvt. In her spare time, Federica loves to go the gym to practice Barre, Yoga and Pilates. He had also worked with Harvard Management Company, which manages the endowment of Harvard University. Mintoo Bhandari is a Senior Partner & Managing Director at Apollo Global Management LLC. Prior to focusing his efforts on investing in India, Mr. Bhandari began his investing career at the Harvard Management Company (which manages the endowment of Harvard University) and was later a member of a Harvard affiliated team providing advice on privatization, enterprise restructuring and the sourcing of foreign direct investment in Russia and other emerging markets. Buyout Fund Apollo Hires Mintoo Bhandari To Head India Ops UK challenger Monument lands restricted banking licence Meet the mass affluent Mr. Bhandari is a graduate with distinction of the Massachusetts Institute of Technology (Mech Eng, S.B. He joined Apollo in 2006 in its New York headquarters, worked in the London office and then launched Apollos India advisory firm (AGM India Advisors Pvt Ltd) in Mumbai in 2008 and continued to serve on Apollo related Boards until 2021. Monument Bank founder and chief executive Mintoo Bhandari. 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 fact that so many pools of capital in India are excluded from investing in infrastructure is not helpful. But that typically involves people, and putting people into the mix made it very unsustainable from an economic standpoint. The bank takes its name from the Monument to the Great Fire of London in London, which is colloquially known as simply Monument. All rights reserved. Historically, when you think about this group, you might think about premier banking, says Bhandari. But that goes with Apollo's DNA, which is a value investor, making contrarian investments in high-grown markets like India, says Mintoo Bhandari, Apollo Management's Senior Partner and MD of its local affiliate AGM India Advisors. The Monument in central London is a commemoration of the end of the Great Fire of London and the beginning of the worlds first modern city. To burn off the calories Ioannis run marathons. The Covid-19 pandemic upended life as we knew it, crippled global economies and changed how we all . 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. Amit Bhandari, Biourja Trading LLC: Profile and Biography Monument Bank Limited (10921940) is registered in England at 33 Cavendish Square, London, W1G 0PW. Bhandari will now be proactively work with Nobel Peace laureate Kailash Satyarthi and help his foundation raise money for social causes, the sources said. 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. Mintoo Bhandari - Senior Partner for Apollo Global Management, LLC The 25 per cent threshold seems much more rational. Wasim Khouri, Monuments chief strategy officer, said the startup was not perturbed at the prospect of competing with these giants. For nearly three decades, Anita has played a crucial role in driving organisational performance at some of the UKs leading financial services institutions. Prior to joining Apollo in 2006, Bhandari was managing director at The View Group. Our lending and membership products are not included within the scope of this regulation; for more information, please see the Financial Services Register. I actually experienced the pain myself, Mintoo Bhandari, Monuments chief executive and cofounder, told Yahoo Finance UK. Also, Welspun has great leadership and a deep, capable team committed to continuous improvement and accomplishment. Having created HSBC Premier in the UK over 20 years ago, Steve readily identifies with and understands our community well and he is obsessed with serving it in the right way. He was the Vice-Chairman of the Singapore Business Federation, and Council Member of ASEAN Chamber of Commerce and Industry. About Monument Bank Dominique believes that her interchangeable experience has been invaluable and helps her to provide meaningful strategic partnering to the business. Find out more, 1 Poultry, Bhandari said RBSs recent decision to shut its digital challenger bank Bo was a good example of how big banks lack the culture to build these things. Mintoo Bhandari Profiles | Facebook Mintoo Bhandari. At that time, he was looking for capital and support to undertake a backward integration related to his principal business. Mintoo has served on the Board of more than 20 companies, with asset bases of many billions of dollars and many thousands of employees. But, in the grand scheme of things, he is one of the highest-paid rappers of all time per show. A decade ago it would have cost billions to deliver the technology solutions that we can deliver for single digit millions, Bhandari said. Mintoo Bhandari Chief Executive Officer Monument Bank Limited Bank CEO announces that Monument achieves full banking licence. But some regulatory changes are required to make this happen. The firm has appointed Mintoo Bhandari to head the India operations, who was till now a partner at the UK unit of Apollo Management. Before joining Monument, Conor headed up the specialist lending team in London at Arbuthnot & Co and has also held leadership and relationship roles at Metro, AIB, Santander and RBS. Helene is a Non Executive Director with humm, the UK subsidiary of the consumer and commercial finance Australian-listed group. Potential clients include bankers, lawyers, property developers, and doctors. He actually started his career in Tech and now hes adding the Fin. Mintoo Bhandari, a former managing director at Apollo Global Management, is leading the venture alongside Brooker. And some of its potential can be realised through backward integration and consolidation in a market that is still fragmented and has few focused and committed players. In India, most companies of any scale are already publicly traded. Hes built, led and transformed businesses at HSBC, The Co-operative Bank (working on their well-publicised transformation) and the fintech, 10x Future Technologies. In his spare time, he is a regular volunteer at his local Mencap charity where he drives the mini-bus for day trips and holidays, and for pleasure he is a keen skier and clay pigeon shooter. Her positivity and energy is vital to our team and her desire to do a good job shines through. Age : 57. His net worth has increased steadily each year. With over 20 years of experience, Sudip has built technology platforms for start-ups as well as very established institutions in the UK. Whilst a risk specialist, Nihars main hobby is building and growing banks. But that goes with Apollos DNA, which is a value investor, making contrarian investments in high-grown markets like India, says Mintoo Bhandari, Apollo Managements Senior Partner and MD of its local affiliate AGM India Advisors. 161.97.131.216 As we are in a hyper-growth environment in India, every company can look well-positioned. Its also an audience that Bhandariwith his 25+ years of experience in private equity across Mumbai, New York and Londonknows well. 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. One of the most novel things about Monuments strategy is that the bank doesnt intend to offer its customers a bank card, or indeed a current account at all. He is helping to build a world class, plug-and-play banking platform at Monument. In his spare time, you will normally find Ian falling off a mountain bike, or a paddle board; or trying to persuade 4 teenagers of the merits of a long family hike on the South Downs. In his spare time, you might find him working on charitable initiatives or in the gym. Erdi holds a Bachelors degree in Computer Programming from Bahcesehir University in Istanbul, Turkey. Buy-to-let and bridge-to-let are core products that Monument will launch with, designed to appeal to the banks wealthy target audience. 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. For Bhandari, this is the second stint in Indian private equity space. Ask him about his soup diet. Helene is also a Trustee on the EDHEC Business Schools foundation. Apollo Management's real estate investment arm, Apollo Real Estate Advisors, currently runs a $650 million real estate private equity fund in . Ioannis holds a BA(Hons) in Economics from Durham University. In addition, AltFi runs major industry events around the world. 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.. Now, people are saying: actually I would really love that., Senior City Correspondent, Yahoo Finance UK, RBSs recent decision to shut its digital challenger bank Bo, Analysis-Japan's automakers have a made-in-China sales crisis, RPT-GLOBAL MARKETS-Stocks stuck, Aussie dlr surges after RBA surprise, Australian landlords push back on property valuation doomsday, Australia Signals More Tightening After Surprise Rate Hike, Most Japanese shares retreat on banking jitters ahead of Golden Week break. He has vast experience in team building, fund-raising and establishing strategic partnerships, which along with his consumer service and broad management background are key skills to complement the Board. DaBaby's reported annual income is more than $500,000 per year and over $45,000 each month. 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. An entrepreneur and co-founder, Vikash brings a diverse range of knowledge and experience. 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. These are the sectors which Apollo knows well globally and therefore, we are confident of adding value to those here in India. The ability to execute when others are unable or unwilling to do so is a distinguishing characteristic of Apollo and has been fundamental to the firms long-term success. Monument Banks app will allow customers to video call and chat with relationship managers, as well as apply for buy-to-let property loans entirely digitally. In her spare time, Helene seeks new experiences and is an arts & art de vivre lover. EC2R 8EJ Today, the company is well-positioned as one of the most cost-efficient, largest-scale, highest-quality players in the global oil & gas pipeline market. In his spare time Steve doesn't know how to relax, preferring instead a range of strenuous outdoor activities, over-ambitious DIY projects and researching his next gadget purchase. 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. 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.