Neo Wealth & Asset Management Enhances Senior Leadership

News Desk, News Nation 360 : Neo Group announced a critical leadership addition, solidifying its ambition to become the leading wealth and asset management franchise in India. This historic news has the potential to completely alter the landscape of the rapidly expanding wealth management industry in the nation. Plans are for expansion into major international business centres, with operations soon to start in the US and the Middle East. By emphasising client results and empowering relationship managers, Neo's creative and disruptive business models have already started to change the wealth management sector. Neo Group has emerged as one of the quickest-expanding impartial abundance and assets dealing platforms in Asia, taking over ₹40,000 crore AUM in Wealth and ₹11,500 crore AUM in Alternatives Asset Management. The group advises a high-end client base of ultra-wealthy families, business owners, as well as institutional investors like sovereign wealth funds, pension funds, and endowments. Shajikumar Devakar, with more than 25 years of high-level leadership in the wealth management and private banking sector, will join Neo Wealth & Asset Management on May 14, 2025. Shaji has worked as Executive Director and Managing Director at 360 ONE Wealth, leading the South India business and handling international operations in the Middle East. His professional career also encompasses leadership positions at best-of-breed wealth management houses such as Barclays Wealth and Deutsche Wealth Management. Shaji's appointment further validates Neo Group's focus on establishing an unprecedented wealth management platform rooted in profound knowledge-centricity, high performance, client trust, accountability, and institutional-quality delivery by the industry's best talent. This step also strengthens Neo Group's in-depth geographic reach across all of India's principal regions. Neo Group's growth takes place against the backdrop of exponential growth in India's wealth and asset management sector. Industry statistics indicate India's HNI and UHNI base and investable surplus are expected to grow substantially by 2030, in tandem with rising attention from global institutions towards India. Neo is well placed to take advantage of this growth, supported by high client confidence, institutional capital, industry-leading teams, and a technological advantage.

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