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. 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 her spare time, Federica loves to go the gym to practice Barre, Yoga and Pilates. And we would like to see a minimum of 1 per cent of that amount or roughly $150 million, deployed in every transaction. 9 W 57 St, New York, NY 10019. Alex is our Chief Architect. We think its a very positive, prudent move. Monument Bank founder and chief executive Mintoo Bhandari. Digital bank for 'mass affluent' set to launch later this year 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. Very few people know that Federica was also a ballet dancer. Information about a company that has been registered at this address is available to us Narindar K Bhandari, LLC. At that time, he was looking for capital and support to undertake a backward integration related to his principal business. The Economic Times, which reported the development earlier on Wednesday, said Bhandari would continue to engage with clients and attend board meetings in India though he will now be based in the UK. Fintech. 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. 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. Hes also our resident sommelier. Less classical is how Monument will operate, by harnessing the growing power of open banking. Globally, Apollo is also very active in credit markets and real estate. Bhandari had initially worked with the Indian government, especially the Ministry of Finance, as part of a Harvard group advising the government during the liberalisation. EMEA +44 20 7330 7500. He is the CEO and co-Founder of VAR Capital, a multi-family office focused on investment management and lending. In his spare time, he is with his young family or serving as Trustee of the European School of Osteopathy. Niall is also the Chairman of the College Council at Glenalmond College and a NED at Non-Standard Finance. Monument is chaired by Niall Booker, a veteran HSBC banker who rescued The Co-Op Bank from the brink of collapse in 2013 after being drafted in as chief executive. For Bhandari, this is the second stint in Indian private equity space. Apollo Management's real estate investment arm, Apollo Real Estate Advisors, currently runs a $650 million real estate private equity fund in . Mintoo Bhandari - Senior Partner & Managing Director @ Apollo Mintoo Bhandari - Senior Partner for Apollo Global Management, LLC Sure, Lil Wayne is way behind Taylor Swift and Beyonc. He is helping to build a world class, plug-and-play banking platform at Monument. He is currently working on how to improve human judgement in public and private life. After graduating, she spent 9 years in operational leadership roles within customer service and mortgage & insurance sales before making the transition to HR. He left Apollo Global Management after nearly 12 years as a Senior Partner and Managing Director, working in New York, London and then successfully setting them up in India. Feike is a Dutchman who has lived and worked in the UK for 14 years. In his spare time, he likes to spend time with his wife and daughter and ride his Harley Davidson as far as he can go. Mintoo Bhandari. In his own words: I can just keep going. Ian has worked in finance for over 20 years, most recently leading Business Banking at Barclays, and during his career has developed 2 passions for clients, and the technology that helps them fulfil their ambitions. Market swings in the USA directly impact the Indian markets and just like the USA, the velocity of transactions diminishes when there is volatility and downward pressure in the Indian markets. The one thing that they have in common is growth both the economies are likely to grow into the foreseeable future. He wants to build a more global, more efficient company a genuine market leader and he has many focused, thoughtful ideas on this subject. His net worth has increased steadily each year. About Monument Bank As stone replaced wood, the Citys foundation became stronger. At its basics, its banking. What do you think of the Indian PE market, compared to the Chinese markets? 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. 5 The Rolling Stones - $2. Mr. Bhandari joined Apollo in 2006. For Bhandari, this is the second stint in Indian private equity space. Here, at Monument, he is doing much of the same, except this time he is also solving a frustration hes personally experienced. I would say that PE investment, in general, is somewhat cyclical. We think that there will be very attractive opportunities in the arena but they will have to be pursued carefully as the sector still has some challenges ahead. It is going to take a lot of capital, energy and effort, as well as the right regulatory environment, to build the much-needed infrastructure. At Monument, he is determined to build a world class, plug-and-play banking platform. Apollo invests from its $14.7 billion global fund. Steve holds a MA Economics from the University of Cambridge. Manta Bhandari. 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. Mintoo Bhandari, director with WELSPUN ENTERPRISES LIMITED, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 00054831. Mintoo has served on the Board of more than 20 companies, with asset bases of many billions of dollars and many thousands of employees. Instead, the plan is to connect to a customers existing current account, whether with a high street bank or digital challenger, all via the wonders of open banking. Mintoo Bhandari - Biography 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. Others on the management team at Monument have held senior roles at Barclays and UBS. Lil Wayne Net Worth - How Much Does Lil Wayne Charge Per Show? 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. Prior to joining Monument, Laura honed her skills and experience in the app space at Velocity Black, working closely with the founders to grow and enhance the customer experience, while also building out the companys Luxury Goods division. In his spare time, Ioannis loves discovering new restaurants to visit with friends and will always try the latest food fad. Bhandari has led deals in Avantha Holdings and the buyout of GE Capital Services and Planet cast Media services. Helene is also a Trustee on the EDHEC Business Schools foundation. A strong advocate of a fairer financial services market, she sits on the Customer Advisory Board of Fairer Finance. Niall was educated at Glenalmond College and at Gonville and Caius College, Cambridge. Before joining us, Ioannis headed up the innovation efforts for NatWests wealth management businesses, which include the Coutts & Co. and NatWest Premier brands. 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.. About Mintoo Bhandari. Which is, you know, a very large sum, but this [mass affluent] community is the most creditworthy segment of the market., Bhandari says Monuments data-driven process of analysing and affirming credit quality will mean the bank has single basis point credit risk, which is almost unheard of.. Typically, Apollo will look to invest anywhere between $150 million and $1 billion out of this current global fund. 08 February 2018. Dubai Investments Acquires Stake in Monument Bank, UK based Digital Bank. 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. Mintoo Bhandari Active New York, NY Senior Partner for Apollo Global Management, LLC (212)515-3200 Monument Bank is in the late stages of securing a banking licence and expects to launch later this year. 87) and the Harvard Business School (MBA 92), AltFi provides market-leading news, opinion, insights and events for the rapidly-growing alternative finance and fintech community. But, for now, the ambitious founder is outlining a retail digital banking model quite unlike whats come before. He is a past Chairman of the Singapore Indian Chamber of Commerce and currently an Emeritus Chairman. Another thing we considered was that Welspun is very well known for its customer service. When it launches, Monument will go head-to-head with the likes of HSBC (HSBA.L) and Barclays (BARC.L), which have traditionally dominated the market. Ioannis holds a BA(Hons) in Economics from Durham University. 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. Monument Raises Over 28M in Series A Funding And if not, you will find him in the theatre with a glass of wine. We are fundamentally a value-oriented and often contrarian investor. To burn off the calories Ioannis run marathons. Nihar holds a MSc in Finance with Distinction from the University of Strathclyde and BSc in Finance from Pennsylvania State University. It was absolutely brutal. A risk expert through and through, Martin held senior roles at a variety of large institutions as well as some recent Fintechs. Bhandari said he was not fazed at the prospect of launching a new bank in the midst of a pandemic.
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