Singapore's Kristal.AI is adding to its senior ranks amid exponential growth in its revenue and assets under management.
Kristal.ai has announced the appointment of Aarthi Ramakrishnan as country head of India and Middle East, based in Mumbai, and Manmohan Mall as head of private markets, based in Singapore.
Mall's role is a newly established business vertical offering equity/debt investment solutions around early to late stage pre-IPO companies, which will be a key growth driver for the overall business, while Ramakrishnan will help drive the platform's expansion into India and the U.A.E., Kristal said in a statement on Tuesday.
Deep Experience
Ramakrishnan (pictured below) is a seasoned investment banker and private investor with over 20 years of experience across several global banks, including Mizuho, Credit Suisse and HSBC.
Aarthi Ramakrishnan, Head – India & Middle East, Kristal.ai
Mall is an experienced global investment banker with more than 18 years of experience across asset classes and geographies, most recently as Asia head of structured equity financing at Standard Chartered. He was previously a director at Citi, and held roles at SC Lowy, Macquarie, ABN AMRO and ICICI Bank.
Strong Growth
Founded in 2016, Kristal serves over 30,000 users in more than 20 countries. Amid the pandemic, Kristal's revenue grew 15-fold in 2020, with assets under management tripling to over $300 million.
According Kristal, U.A.E. is its «new frontier,» as the Gulf nation presents a large opportunity with more than 100,000 high-net-worth investors.
«Kristal intends to deliver to them a new private banking experience which is more transparent and personalized with AI-enabled advisory. The investors will be able to access the same institutional products, as those offered by a private bank, but at a much lower investment ticket size,» the company said.
