Revolut names HSBC's Deepak Khanna as new head of wealth and trading

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

The former HSBC head of wealth products and journeys will start his new role on Dec 14, the fintech unicorn said in a press statement on Monday (Dec 13).

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.

On Dec 6, 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.