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. 87) and the Harvard Business School (MBA 92), AltFi provides market-leading news, opinion, insights and events for the rapidly-growing alternative finance and fintech community. Contact Mintoo, search articles and Tweets, monitor coverage, and track replies from one place. 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. 08 February 2018. Bhandari had initially worked with the Indian government, especially the Ministry of Finance, as part of a Harvard group advising the government during the liberalisation. Mr. Bhandari is a graduate with distinction of the Massachusetts Institute of Technology (Mech Eng, S.B. In her spare time, Helene seeks new experiences and is an arts & art de vivre lover. In his own words: I can just keep going. As Chief of Staff, Anita drives company-wide progress on critical projects and strategic initiatives. In his spare time, you will normally find Ian falling off a mountain bike, or a paddle board; or trying to persuade 4 teenagers of the merits of a long family hike on the South Downs. Before joining Apollo in 2006, he had worked with The View Group, an India-focused private equity firm investing $1-$3 million per transaction. Partner Investments Number of Partner Investments 1 Jobs Number of Current Jobs 2 Mintoo Bhandari has 2 current jobs as Founder & Managing Director at Monument Bank and Senior Partner & Managing Director at Apollo. The reality is that investors are not looking to take over a company just because they would like to hold more than 15 per cent of its equity. He lives in London, England with his wife and two daughters. Prerna joined Monument's mobile team as an Android Developer focused on delivering innovative product features. A risk expert through and through, Martin held senior roles at a variety of large institutions as well as some recent Fintechs. Hes also held roles at Booz & Company and at Sapient as a technologist. Potential clients include bankers, lawyers, property developers, and doctors. Ltd. Get daily update with our newsletter Subscribe Now ! Helene is a Non Executive Director with humm, the UK subsidiary of the consumer and commercial finance Australian-listed group. Today, the company is well-positioned as one of the most cost-efficient, largest-scale, highest-quality players in the global oil & gas pipeline market. Before joining Monument, Conor headed up the specialist lending team in London at Arbuthnot & Co and has also held leadership and relationship roles at Metro, AIB, Santander and RBS. Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing. With over 20 years of experience, Graham has worked as Operations Manager at Thomson Reuters and Alibaba and brings his wealth of experience to Monument. Apollo India Private Equity II (Mauritius) Ltd. 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. 5 The Rolling Stones - $2. These arent ultra-high net worth individuals, multi-millionaires who might outsource their finances to money managers. He received an MBA from Maastricht School of Management and a graduate degree from National University of Singapore. Prena loves a good K-drama and is ready for an UNO cards challenge at any moment. Andrew has won the Sunday Times award for Non-Executive Director of the Year in the public/not for profit sector. Mr. Bhandari joined Apollo in 2006. More recently, Anita has been focused on supporting digital start-up banks develop and execute their corporate strategy. More recently this has included Chief Architect and Strategy & Architecture Director roles at WorldRemit, a digital remittance FinTech, and Shawbrook Bank a specialist Lending & Savings provider. Sav started his career at the Bank of Cyprus as a Graduate Trainee where he learnt the fundamentals of good lending and customer first relationship management. If there are additional opportunities and companies that fit these criteria within a promoter group in which Apollo has invested, it obviously is easier to pursue an investment in them as we already have the comfort level and confidence in the promoter and the team. Find out more, 1 Poultry, She also runs her own business and property development company. For his contributions to Society and to the business community, he was bestowed the PBM (Pingat Bakti Masyarakat The Public Service Medal) by the President of the Republic of Singapore in 2009. Mintoo Bhandari Founder & Managing Director. Americas +1 212 318 2000. Niall is also the Chairman of the College Council at Glenalmond College and a NED at Non-Standard Finance. Here, at Monument, he is doing much of the same, except this time he is also solving a frustration hes personally experienced. Copyright 2023 VCCircle.com. Sudip holds a B.E. She brings a decade of work experience in software product development, application maintenance & support, debugging, troubleshooting, and project execution and believes in continuously applying the best business practices, through innovative technology solutions. Helene brings a 30-year career in Financial Services, most recently as CFO at Capital One UK and of European CFO at EVO Payments. As a Product Manager at Monument, Ioannis is intent on making financial institutions more than just places to store and access money. He is helping to build a world class, plug-and-play banking platform at Monument. Ask him about his soup diet. I would say that PE investment, in general, is somewhat cyclical. He was a Term Trustee in Singapore Indian Development Association (SINDA) for a period of 12 years. In his spare time, he is a regular volunteer at his local Mencap charity where he drives the mini-bus for day trips and holidays, and for pleasure he is a keen skier and clay pigeon shooter. Monuments plan is to do mass affluent banking better, and to reach profitability within 24 months of launch. And if not, you will find him in the theatre with a glass of wine. In his spare time, he is on the PlayStation with his son or practicing Karate together. London, Bhandari is also on the board of directors of Welspun Corporation where Apollo invested $350 million in 2011. But, for now, the ambitious founder is outlining a retail digital banking model quite unlike whats come before. Mr. Bhandari is the principal founder and a leading shareholder of London based Monument Bank Limited ("Monument") which is a digital-first platform focused on providing financial services (with a Bank of England full-banking license) providing digital access to high-value services and technology solutions in various geographies around the world. London, He led, developed and oversaw the development of AION, a market-leading credit-focused fund on behalf of Apollo Global Management and its banking partner ICICI. 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. Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. Much of what Bhandari describes is unproven, and hes frank that the banks plans will certainly change and evolve as it comes to market. We often say that we want to get compensated in valuation for taking on complexity and for investing in sectors in which other private equity firms have less expertise. We are a UK bank built to meet the needs of a community which deserves attention and recognition. Mintoo is a graduate of the Massachusetts Institute of Technology (Mech Eng, S.B. In his spare time, you might find him working on charitable initiatives or in the gym. Before joining us, Ioannis headed up the innovation efforts for NatWests wealth management businesses, which include the Coutts & Co. and NatWest Premier brands. In his spare time, he will be playing superhero themed Lego. 161.97.131.216 United Kingdom, Alternative Lending During A Downturn Report, Revolut and Atom Bank investor slashes fintech valuations, Female Invest: Meet the women taking on the gender finance gap, Gradual homeownership fintech Wayhome raises 8m Series A, Klarna positions itself as more than BNPL with suite of AI-powered tools, ClearBank appoints ex-PayPal and WorldPay exec as new CPO. Market swings in the USA directly impact the Indian markets and just like the USA, the velocity of transactions diminishes when there is volatility and downward pressure in the Indian markets. Market regulator SEBI has recently come out with changes to the takeover code, increasing the open offer limit to 25 per cent. Information about a company that has been registered at this address is available to us Narindar K Bhandari, LLC. In addition, AltFi runs major industry events around the world. What do you think of the Indian PE market, compared to the Chinese markets? Monument Banks app will allow customers to video call and chat with relationship managers, as well as apply for buy-to-let property loans entirely digitally. 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. But really, its just burning calories before dinner. The bank takes its name from the Monument to the Great Fire of London in London, which is colloquially known as simply Monument. Niall was educated at Glenalmond College and at Gonville and Caius College, Cambridge. One of the characteristics which attracted us to Welspun is that it operates at the intersection of two of our larger focus areas metals and oil & gas. We bring decades of experience working in leading financial institutions and professional services. 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. Monument Bank Limited (10921940) is registered in England at 33 Cavendish Square, London, W1G 0PW. Delivered Monday at midday. Delivered Monday 9am EST/ 6am PST. In her spare time, she finds a good evening walk boosts her energy and enjoys balcony gardening. Prior to founding Monument, Mr. Bhandari was, until early 2018, Senior Partner of Apollo Global Management (NYSE APO) and Senior Partner & Managing Director of Apollos India vehicles: AGM India Advisors Pvt Ltd and AION Capital Partners. That said, India has a history of and potential for leapfrogging. Mintoo Bhandari is currently associated with Welspun Enterprises Limited appointed as Nominee Director and the paid-up capital Welspun Ente See More. Do you have any plan to bring that in India? Bhandari said RBSs recent decision to shut its digital challenger bank Bo was a good example of how big banks lack the culture to build these things. At Monument, he is determined to build a world class, plug-and-play banking platform. In fact, some customers referred to Welspuns pipes as the gold standard in the industry. There are further proofs of the companys superior technical skills and capabilities. In her spare time, Laura enjoys exercising, spending time with her dog Peaches, and, when she isnt cooking - going out to her favourite restaurants with friends. Mintoo has served on the Board of more than 20 companies, with asset bases of many billions of dollars and many thousands of employees. But Bhandari is not worried. Of course, private equity investments arent done unilaterally. He wants to build a more global, more efficient company a genuine market leader and he has many focused, thoughtful ideas on this subject. All the demands were on us as clients rather than on the bank., READ MORE: Starling Bank seeks 35m in new competition funding: 'We're a safe pair of hands'. He is the CEO and co-Founder of VAR Capital, a multi-family office focused on investment management and lending. Part of his vision is to improve margins further and he believes that one way to accomplish this is through backward integration, which will lead to greater stability of supply, greater control over quality, better margins and ultimately, as we hope, a more dominant position in the global market. He also has a passion for gardening, although thats not always clear looking at his garden. Monument is targeting clients worth between 250,000 and 5m, putting it in competition against the likes of HSBC and Barclays. He is a past Chairman of the Singapore Indian Chamber of Commerce and currently an Emeritus Chairman. In India, we will focus on these sectors because we believe that we can add meaningful value to those and also because we believe that it makes sense here from the perspective of comparative advantage and the economics of the value chain. In addition to Apollo Global Management, Bhandari led Aion Capital Partners, which is a joint venture between Apollo Global Management and ICICI Bank. At its basics, its banking. Sav is a Dad to two football mad boys; most of his spare time is spent taking them to football training, futsal training and football matches. Manta Bhandari. Iestyn holds a BA in History from Aberystwyth University, an MBA from University of Warwick Business School and (of course) is a qualified accountant. 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.. In her spare time, she is enjoying art, food and wine preferably all together! 07 Feb 2018. Chan School of Public Health. But some regulatory changes are required to make this happen. When it launches, Monument will go head-to-head with the likes of HSBC (HSBA.L) and Barclays (BARC.L), which have traditionally dominated the market. Prior to that time, Mr. Bhandari was managing director of The View Group, an India-focused private equity firm. Works at Study (chess) Lives in Ludhiana, Punjab, India. Also, Welspun has great leadership and a deep, capable team committed to continuous improvement and accomplishment. The 15 per cent threshold was rather low and I think it had artificially created a differential between investor intent and regulatory burden. 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. A busy Dad, in his spare time enjoys the UK live music scene and doing his bit to support emerging artists. How does the deal-making environment look? In many such cases, it would be in the best interest of the public shareholders to offer them a fair and clean exit. For Bhandari, this is the second stint in Indian private equity space. Mintoo also has significant experience in customer service and outsourcing industries as a Board Member of Integreon and SourceCorp, among others, and gained exposure to the large-scale consumer service delivery as a Board Member of DishTV India. Property of Mosaic Media Ventures Pvt. DaBaby's reported annual income is more than $500,000 per year and over $45,000 each month. You can email the site owner to let them know you were blocked. Steve brings 30+ years of technology management experience to our Board. She was on the Board of SEEDA with responsibility for Business and Tourism as well as being a founder member of the Kent Tourism Alliance, Chair of KM Radio, and one of the Trustees behind the building of the Turner Contemporary Art Gallery in Margate. FOUNDER, HEAD OF GLOBAL INSTITUTIONAL RELATIONSHIPS. Monument Bank is in the late stages of securing a banking licence and expects to launch later this year. One of the factors fundamental to the investments which we pursue in India is that we seek to ensure that the promoter we are backing has a vision similar to ours. Summary. In her banking career, Fiona worked for Barclays, Daiwa Europe Bank, NatWest Capital Markets and most recently, Goldman Sachs. Some of the sectors that we focus upon, partially for the reasons I have just mentioned, are chemicals, oil & gas, metals and mining, financial & business services and media distribution. Globally, Apollo is also very active in credit markets and real estate. Passionate about customer service, in-app experiences, and creative content that drives engagement, Laura seeks to nurture the best matched brand relationships for Member Services. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come, EAST PIPES INTEGRATED COMPANY FOR INDUSTRY. To be active under these conditions, investment firms have to be fundamentals-driven and contrarian. We think that there will be very attractive opportunities in the arena but they will have to be pursued carefully as the sector still has some challenges ahead.
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