SUMMARY
- Angel One is set to appoint Arief Mohamad as the New Chief Business Officer, replacing Prateek Mehta.
- Arief Mohamad joins Angel-One from Flipkart, where he held a key role in the Fashion Vertical.
- AngelOne eyes expansion and Data Security Improvement amidst growth and user base competition with Zerodha.
Angel One plans to name Arief Mohamad as its next Chief Business Officer . Prior to this, he worked as a Fashion Vertical at Flipkart.
As to his LinkedIn profile, he joined the e-commerce giant Flipkart in September 2015 and has been employed there for about ten years.
Prateek Mehta, who previously served as the Chief Business Officer at a prominent Mumbai-based stock broking company until April 2024, is set to be replaced by Mohamad. Mehta, a cofounder of the mutual fund distribution platform Scripbox, has taken on a new role as a partner at the Silicon Valley venture capital firm South Park Commons. His transition marks a significant move within the financial services industry, given his extensive experience and the impact he has had in his previous roles.
In June 2023, data from the National Stock Exchange (NSE) indicated that the company acquired an impressive 2.2 lakh active investors, despite facing claims of data breaches that raised concerns among users. This growth highlights the company’s ability to attract new clients amid challenges.
Additionally, Angel One is making notable strides in the competitive landscape, closing the gap on market leader Zerodha in terms of monthly user base. Industry experts predict that Angel One could potentially overtake Zerodha in the near future, further intensifying the competition in the Indian brokerage market.
