Neo Wealth Management a part of the Neo Group, has announced the appointment of Shajikumar Devakar as its new Co-Founder and Chief Executive Officer, a move that signals the company’s ambition to further accelerate its growth and innovation in the wealth management sector.
With this leadership change, Neo Wealth Management aims to leverage Shajikumar’s extensive industry experience and proven leadership to strengthen its position as a premier provider of wealth solutions in India and beyond.
Shajikumar Devakar joins Neo Wealth Management with a distinguished track record in private banking and wealth management. Before taking on this new role, he served as Executive Director and Managing Director at 360 ONE Wealth, where he was instrumental in expanding the firm’s presence across South India and overseeing its international operations in the Middle East. His leadership was key in building a high-performing team of private bankers and cultivating relationships with some of the most prominent clients in the industry. Shajikumar’s career also includes significant roles at Barclays Wealth and Deutsche Wealth Management, where he developed deep expertise in serving high-net-worth individuals and delivering customized financial strategies.
Neo Wealth Management currently manages assets exceeding Rs 40,000 crore in wealth and Rs 11,500 crore in alternative investments. The firm enjoys the backing of globally recognised investors such as Peak XV Partners (formerly Sequoia India), Mitsubishi UFJ Financial Group, and Euclidean Capital LLC. This strong foundation provides Neo with the resources and strategic support necessary to pursue its vision of delivering innovative and client-centric wealth management solutions.
The appointment of Shajikumar Devakar as Co-Founder and CEO is expected to further energize Neo Wealth Management’s leadership team. His broad experience across global wealth management institutions equips him to drive the company’s expansion and enhance its suite of services. Shajikumar’s ability to lead large teams and manage complex investment portfolios aligns perfectly with Neo’s commitment to operational excellence and personalized client service.
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As Neo Wealth Management embarks on this new chapter, the appointment of Shajikumar Devakar underscores the company’s dedication to leadership excellence and its ongoing mission to deliver superior wealth management solutions for clients across India and global markets.
