Challenger bank Revolut announced that it has hired banking veteran Deepak Khanna as its Head of Wealth and Trading effective from today onwards.

In his role at Revolut Singapore, Deepak will build and lead the teams that will launch Revolut’s wealth and trading products, design the operational setup and manage product performance.

Revolut Singapore had obtained the Capital Markets Services license from the Monetary Authority of Singapore earlier this month and is looking to launch its commission-free stock trading feature in the first half of 2022.

Deepak brings with him over two decades of diverse experience in wealth management.

He has worked with organisations like HSBC, ANZ Bank and Royal Bank of Scotland, across various functions like strategy, P&L management, product management, digital, financial advisory, governance, research, and more.

Many of his initiatives, especially in the digital wealth space, have won awards and recognitions.

In 2018, Deepak received the IBF Fellow award by Singapore’s Institute of Banking & Finance (IBF) for wealth.

He is engaged with industry bodies like the IBF, CFA society, FPAS, WMI, and is a regular contributor to Channel News Asia, The Straits Times, and The Business Times on thought leadership in wealth management.

Deepak Khanna, Head of Wealth and Trading at Revolut said,

“If we see wealth management today — the various offerings are expensive, manual, and impersonal. I believe a disruption is waiting to happen in this area and there is an immense opportunity for a player to provide such services in a simple and fuss-free manner. Revolut is well positioned to lead in this space, to provide a sustainable, digital alternative that is hyper-personalised and trustworthy.”