Angel One Welcomes Hemen Bhatia as the CEO of Asset Management Business

We are delighted to welcome Hemen Bhatia, the Chief Executive Officer of Angel One Asset Management Company  Limited. Hemen’s joining marks a significant milestone in our asset management business journey. Hemen will spearhead the growth of our asset management business, highlighting our commitment to impacting a billion lives through comprehensive financial solutions positively.  

Hemen will lead the strategic direction and growth initiatives, focusing on crafting innovative investment strategies, forging key partnerships and positioning Angel One as a leader in the passive investment space in India.

Hemen Bhatia brings over 17 years of experience in the asset management industry. His forte, in Indian passive investments such as ETFs and index funds, will augment the growth of Angel One Asset Management Company well. Throughout his distinguished career, Hemen has played a pivotal role in the evolution of the ETF market in India and has facilitated the growth of the passive fund management industry through his contributions to numerous industry and regulatory committees.

Says Mr Dinesh Thakkar, Angel One Limited’s Chairman and Managing Director, “With Hemen being at the helm of our Asset Management business, we embark on a transformative journey with our foray into this thriving industry. Hemen’s extensive experience in the industry, coupled with his strategic guidance, will be instrumental in forging partnerships and positioning us as a leader in the passive investment space. This move underscores our commitment to pushing the boundaries of  innovation as our AMC strides towards shaping the future of fintech and, consequently, impacting  a billion lives.”  

Mr Hemen Bhatia, CEO of Angel One Asset Management Company Limited, says, “I am honoured to assume the role of CEO, marking a significant leap in Angel One’s pursuit of innovation and financial excellence in the Asset Management industry. Angel One has always been a trailblazer in the fintech industry through its innovative investment strategies. I look forward to the prospect of extrapolating significant achievements for our Asset Management business as we embark on an exciting journey characterised by exponential growth. This transformative endeavour is poised to revolutionise passive investments and redefine India’s financial landscape.”  

Hemen Bhatia was formerly Head of ETF at Nippon Life India AMC, where he played a pivotal role in fostering strategic alliances. His adept leadership was instrumental in cultivating key relationships, notably with the Department of Investment and Public Asset Management (DIPAM), the Ministry of Finance for CPSE ETF tranches and the Employees Provident Fund Organisation  (EPFO) for substantial investments in Nippon India’s ETFs.

Notably, Hemen’s expertise extends to launching and developing various industry-first ETFs and index funds. Furthermore, he was instrumental in setting up CPSE ETF at Goldman Sachs  AMC, serving as an Executive Director and overseeing the Government of India’s first and innovative disinvestments.