Digital & Technology

Revolut appoints Deepak Khanna as new head of wealth and trading

REVOLUT has appointed banking veteran Deepak Khanna as the new head of wealth and trading in Singapore.

The Singapore Business Times reports that the former HSBC head of wealth products and journeys will start his new role on Dec 14.

In his role, Khanna will take charge of building and leading the teams that will launch Revolut's wealth and trading products, design the operational setup and manage product performance.

Khanna has over 2 decades of experience in wealth management. Other than HSBC, he has held stints in ANZ Bank, Royal Bank of Scotland, ABN AMRO and ICICI Bank.

Earlier this month Revolut said it obtained a capital markets services licence from the Monetary Authority of Singapore and is looking to implement its commission-free stock trading feature in the first half of 2022. The feature allows customers to buy fractional shares in US-listed companies, with no account minimum needed to invest.


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.”