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Neo Group appoints Anirban Banerjee as Co-founder and Chief People and Transformation Officer. Jul 27, 2026 Neo Group has announced the appointment of Anirban Banerjee as Co-founder and Chief People and Transformation Officer, strengthening its Group leadership team as the firm continues to scale its wealth and asset management platform and invest in long-term institutional capability. As Co-founder and Chief People and Transformation Officer, Anirban Banerjee will lead Neo Group's people strategy, talent development, leadership capability, organisation design, culture and enterprise transformation agenda. He brings more than two decades of experience in human resources leadership across financial services, having most recently served as Chief Human Resources Officer at Avendus Group. Earlier, he was part of the leadership team that helped build the human resources function at 360 ONE (formerly IIFL Wealth) during its formative years. Neo today manages approximately ₹1,30,000 crore in total client assets across Assets Under Advice and Assets Under Management. The Group serves family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions and corporates across wealth management, asset management, and alternate investments, with a presence in more than 30 locations and a team of around 850 professionals. Commenting on the appointment, Nitin Jain, Chairman & Managing Director, Neo Group, said: "Neo has always been built with a long-term view. As we grow, our people and culture are what hold the organisation together and allow us to endure. Anirban has helped build respected institutions in our industry, and his experience across people and transformation will add significant depth to Neo as we move into our next phase. His joining as a co-founder reflects the entrepreneurial ownership at the heart of how Neo is built." Commenting on his appointment, Anirban Banerjee said: "What drew me to Neo is the opportunity to build an institution from a position of ownership - where people, culture and transformation are not support functions, but the foundation of how the firm grows. I look forward to partnering with the leadership team in shaping Neo's next phase."

Wealthtech Veriqus secures over $40m in funding. The company serves high net worth individuals, family offices, entrepreneurs and institutional clients. Veriqus Group has secured about Rs3.87bn ($40.2m) in a financing round led by Norwest Venture Partners. The company operates in wealth and asset management, serving high net worth individuals, family offices, entrepreneurs and institutional clients. It was set up by Ashish Gumashta, previously chairman and chief executive officer of Julius Baer India, and Roshi Jain, formerly a senior fund manager at HDFC Asset Management. Veriqus co-founder Gumashta said: "Veriqus intends to build a strong presence across Tier II and other high-growth cities, bringing institutional-quality advice and sophisticated investment solutions closer to entrepreneurs, business owners and multi-generational families." Veriqus is building a technology and AI-based platform that brings together advisory services with tools for portfolio analysis, risk oversight, client reporting and decision-making support. Its asset management arm will draw on real-economy insights, fundamental research and a disciplined investment approach to assist investors in forming long-term views. It said its business advisory and lending units will offer capital solutions for expansion, acquisitions and liquidity requirements. Norwest principal Nikhil Kookada was quoted by LiveMint as saying: "India's wealth management industry is at an inflection point, driven by rapid wealth creation beyond the major metros, increasing financialization of savings, and growing demand for holistic, high-quality advice. "The next generation of wealth market leaders will combine deep advisory expertise with technology-enabled execution and a truly integrated platform." Meanwhile, earlier this month, Indian wealth and asset management firm Neo Group raised about Rs3.5bn ($36.3m) in a fresh funding round led by existing investor Peak XV Partners. Neo Group's clients include family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions and corporates. Give your business an edge with its leading Future Banking

Neo Group raises ₹350 crore from Peak XV to accelerate wealth management expansion. July 17, 2026 Mumbai: Wealth and asset management startup Neo Group has raised approximately ₹350 crore (around $36.3 million) in a funding round led by existing investor Peak XV Partners, further strengthening its capital base as it expands its wealth and asset management business across India. The latest investment comes less than six months after the company secured ₹550 crore in funding from TVS Capital in March, a round that propelled Neo into the unicorn club. While the company has not disclosed its valuation for the latest round, it confirmed that definitive agreements have been signed and the transaction is expected to close shortly. Peak XV Partners has been a long-term backer of Neo, having first invested in the company's $20 million funding round in February 2025 alongside MUFG and other investors. Since then, Neo has raised multiple rounds, including $19 million in August 2025, around $25 million in November 2025, and $53 million from TVS Capital, reflecting strong investor confidence in its growth strategy. According to Nitin Jain, Chairman and Managing Director of Neo Group, the fresh capital will be deployed to strengthen talent acquisition, enhance technology infrastructure, and develop new investment products as the company scales its operations nationwide. Founded in 2021 by former Edelweiss Financial Services CEO Nitin Jain and Hemant Daga, Neo provides wealth and asset management solutions for family offices, ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), institutions, and corporate clients. The company currently manages approximately ₹1.3 lakh crore in client assets, up from nearly ₹1 lakh crore reported in March, and has expanded its presence to more than 30 cities with a workforce of over 850 professionals. Neo has also been growing its asset management business. Its investment arm, Neo Asset, achieved the first close of its ₹2,000 crore secondaries private equity fund at ₹750 crore last year. The fund focuses on profitable businesses across sectors including BFSI, healthcare, consumer, IT & ITeS, industrials and services, with investments in companies such as Nobel Hygiene, Purplle, Fractal Analytics, and IDfy. The funding comes at a time when India's wealth management industry is witnessing rapid growth. According to the UBS Global Wealth Report, the country is home to over 9 lakh millionaires, with that number expected to nearly double by 2030, alongside the creation of $2.4 trillion in new financial wealth. Neo Group competes with leading wealth management firms including 360 ONE, Avendus Wealth, Waterfield Advisors, and ASK Wealth Advisors, as it continues to strengthen its position in India's fast-growing private wealth management market. "Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here! Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here | www.eletsonline.com/subscription/ Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like Elets Technomedia Pvt. Ltd. on Facebook, connect with Elets Technomedia Pvt. Ltd. on LinkedIn and follow Elets Technomedia Pvt. Ltd. on Twitter, Instagram & Pinterest.