It was an almost ceremonial handover on a quiet Saturday evening at the Conrad Hotel in Bengaluru. On a stage lit by the glow of ceremonial lamps—and some noteworthy high-net-worth clients and well-wishers—Neo Wealth & Asset Management’s co-founder and outgoing CEO Varun Bajpai “passed the baton” to Shajikumar Devakar, who had moved over from 360 One WAM to join Neo as its new co-founder and CEO.
With the air of a founder who still remembers filling out the company’s incorporation forms just three years ago, Bajpai made no attempt to downplay the audacity of the firm’s ambitions. “Three years ago, we were literally at zero,” he recalled. Nitin Jain, who played a key role in Edelweiss Group’s growth into a diversified financial services firm managing over $40 billion in client assets, founded Neo Wealth & Asset Management in October 2021.
Full article – https://www.fortuneindia.com/business-news/howneo-wealth-is-plotting-its-way-to-a-1-lakh-crore-valuation/123618