We have a real estate effort here and a team entirely focused on that sector. 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. 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. Bhandari will now be proactively work with Nobel Peace laureate Kailash Satyarthi and help his foundation raise money for social causes, the sources said. He actually started his career in Tech and now hes adding the Fin. At Monument Bank, Mintoo Bhandari has 15 colleagues including Ian Rand (CEO), Vikash Gupta (Director) . Wasim holds a MEng in Electrical and Electronic Engineering from Imperial College, London. 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.. Mintoo Bhandari Founder & Managing Director. Mintoo Bhandari is a Senior Partner & Managing Director at Apollo Global Management LLC. Do you have any plan to bring that in India? Since lockdown Sav has become a keen runner and has also developed a mild obsession with his daily step count. Mintoo is currently living at 8228 Verbeck Driv, Manlius, NY 13104-9320. Before joining us, Ioannis headed up the innovation efforts for NatWests wealth management businesses, which include the Coutts & Co. and NatWest Premier brands. 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. Sure, Lil Wayne is way behind Taylor Swift and Beyonc. At that time, he was looking for capital and support to undertake a backward integration related to his principal business. The jewel that holds us all together, Federica does so much more than manage our office and all its interactions, both internal and external. Monument appoints former Barclays exec Ian Rand as CEO Dominique studied Business Administration at BCHE, Brunel University specialising in Economics and International Finance. He received an MBA from Maastricht School of Management and a graduate degree from National University of Singapore. When it launches in the Summer of 2021, the bank will provide savings . London, What are the sectors that Apollo Management favours? Also, Welspun has great leadership and a deep, capable team committed to continuous improvement and accomplishment. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The need for technical excellence and reliability was highlighted during the BP oil spill. Mintoo Bhandari's Profile | FinTech Futures, Fintech Finance & News He was a Term Trustee in Singapore Indian Development Association (SINDA) for a period of 12 years. 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. And the fact that so many pools of capital in India are excluded from investing in infrastructure is not helpful. I think the evolution of digital has gone from a 5 or 10 year cycle to a three month cycle, he said. 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. Prologo, parte 2: progressi verso l'Obiettivo di sviluppo sostenibile 6 But after a glass of whisky, the fun begins and the guitar is out. A busy Dad, in his spare time enjoys the UK live music scene and doing his bit to support emerging artists. Another entrepreneur in residence. Her experience spans international blue-chip companies in retail and consumer finance, and payments, including 16 years at Visa. But, in the grand scheme of things, he is one of the highest-paid rappers of all time per show. Monument Bank Limited (10921940) is registered in England at 33 Cavendish Square, London, W1G 0PW. Mr. Bhandari is a graduate with distinction of the Massachusetts Institute of Technology (Mech Eng, S.B. Copyright 2023 VCCircle.com. She brings with her 21 years of financial services and regulated markets experience from ING Direct UK, Friends Life, Aviva and Entain. As stone replaced wood, the Citys foundation became stronger. Initially Monument will focus on lending, with Bhandari outlining ambitious goals, including 8-minute approvals on buy-to-let mortgages of up to 2m. We can democratise service thats available to the Ultra High Net Worth community and the way we can do that is because of the collapse in technology cost.. As Chief of Staff, Anita drives company-wide progress on critical projects and strategic initiatives. An entrepreneur and co-founder, Vikash brings a diverse range of knowledge and experience. Starting at a reported $5 million in 2018, it stood at $6.5 million in 2022. Its also an audience that Bhandariwith his 25+ years of experience in private equity across Mumbai, New York and Londonknows well. Even in the post-financial crisis world, where banking licences have become somewhat easier to obtain, its still a rare pleasure to meet a banks founder before its even launched. Apollo is fundamentally a value investor and in a high-growth environment like India, that translates into being a contrarian investor. 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. These sectors include chemicals, oil & gas, metals and mining, financial & business services and media distribution. This website is using a security service to protect itself from online attacks. About Monument Bank Chan School of Public Health. 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. Your IP: Apollo India Private Equity II (Mauritius) Ltd. Very few people know that Federica was also a ballet dancer. 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. See Photos. Anita is a member of Women on Boards UK and holds a BSc degree in Psychology from the University of Durham. Sudip holds a B.E. But stay where you are for your current account. Iestyn holds a BA in History from Aberystwyth University, an MBA from University of Warwick Business School and (of course) is a qualified accountant. Manta Bhandari. Our technology leader. 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. He led, developed and oversaw . Helene brings a 30-year career in Financial Services, most recently as CFO at Capital One UK and of European CFO at EVO Payments. Ltd. Get daily update with our newsletter Subscribe Now ! 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 action you just performed triggered the security solution. Sav joined Monument as he was drawn to the unique blend of technology with a human touch and he has always wanted to build a robust lending book from the ground up. Our lending and membership products are not included within the scope of this regulation; for more information, please see the Financial Services Register. Technical excellence was a key area when we assessed the company. In her spare time, youll most likely find Dominique being taken for a walk by her dog or planning her next trip to fulfil an ambition of seeing classical opera in its country of origin. They can raise equity and they can raise senior secured bank debt but there isnt much available in-between. The acquisition of one of the largest credit operations in India, GE Capital India, through the AION fund and then rebranded Clix Capital. So, at times, the hardest work is to verify that a company is well-positioned in reality and that it is not just the rising tide that is colouring our perception. Apollo never does hostile takeovers; we only do friendly deals. Our approach in India is focused on certain sectors. Find out more, 1 Poultry, Potential clients include bankers, lawyers, property developers, and doctors. 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. We had heard it from numerous industry participants and we also verified it from some of Welspuns customers that the company produces superior quality pipes. The one thing that they have in common is growth both the economies are likely to grow into the foreseeable future. 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. All rights reserved. For Bhandari, this is the second stint in Indian private equity space. 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. 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.. Mintoo Bhandari. Founder of Monument Bank Ltd., Mintoo Bhandari presently is Managing Director at AGM India Advisors Pvt Ltd. Mr. Bhandari is also on the board of SOURCECORP, Inc., Apollo India Private Equity II (Mauritius) Ltd., Welspun Maxsteel Ltd. and Insight Solutions Ltd. 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. ( Originally published on Feb 07, 2018 ), Care Hospitals Buyout: Max Healthcare Sues TPG, GST Collections Hit Monthly High of 1.87 L cr in April, Brookfield Picks up 51% in Realty JV with Bharti, Apollo Management India head Mintoo Bhandari moves to advisory role, to focus on philanthropy, Terms of Use & Grievance Redressal Policy. He is also the Chair at Which? 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. Mintoo Bhandari Founder of Monument Bank Limited London, England, United Kingdom 3K followers 500+ connections Join to view profile Monument Harvard Business School About Private Equity, Banking.