Shajikumar Devakar Joins Neo Wealth Management As Co-Founder And CEO

Neo Group has named Shajikumar Devakar, an experienced private banking and wealth management professional, as the co-founder and CEO of Neo Wealth Management.

Shaji joins Neo from 360 ONE Wealth, where he was Executive Director and MD. He led the South India business and looked after the company's international operations in the Middle East.

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He has worked with top clients and led a team of senior private bankers. In the past, he also held leadership roles at Barclays Wealth and Deutsche Wealth Management.

"What excites me about Neo is not just its growth but its clarity of purpose—who it serves, what it solves, and how it delivers," Devakar said.

"It brings together decades of wealth and asset management experience, enhanced by superior investing capabilities, disruptive technology, and the best team in the business."

Neo Group manages over ₹40,000 crore in wealth and ₹11,500 crore in alternative assets. The company is led by over 40 experienced professionals, many of whom have built large-scale businesses, and has a team of 600+ experts delivering customised wealth solutions to top clients in India.

Its key global investors include Peak XV Partners (formerly Sequoia India), Mitsubishi UFJ Financial Group, and Euclidean Capital LLC.

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