Ex-Citibank, Hong Kong Consumer Bank CEO, Atul Malik joins Monexo’s Advisory Board18 August, 2015
Former Citibank, Hong Kong Consumer Bank CEO, Atul Malik has joined the Advisory Board of startup Monexo Innovations Limited.Atul will become the first to join the Advisory Board at Monexo Innovations; a Hong Kong based fintech startup providing a marketplace for borrowers and lenders to engage in peer to peer lending. Monexo launched its first product back in February, which provides property owners the ability to borrow against future rental income and will be launching its second product in personal loans within the next couple of months.
Atul, 52, stepped down as the CEO of Citibank, Hong Kong Consumer Bank, in September of 2007, where he spent 19 years. Mr. Malik’s past experiences include being the CEO of Maritime Commercial Joint Stock Bank and the Head of Private and Business Clients (APAC Region) and Managing Director, Singapore for Deutsche Bank AG. This role marks the second advisory role he has taken in the last 6 months.
He joins the list of prominent senior ex-bankers that have joined advisory roles at peer-to-peer lending companies, including former Morgan Stanley CEO, John Mack who joined Lending Club’s Advisory Board back in 2012. Mr. Malik and Monexo Innovations’ CEO and Co-Founder, Mukesh Bubna, struck up a mentor- mentee relationship from their time back at Citibank in Hong Kong and have now joined forces again to pioneer P2P lending in Hong Kong.
"I am pleased to announce that Mr. Atul Malik has agreed to join Monexo's advisory board and share his deep knowledge and expertise gained over 30 years of consumer banking across Asia. He has been one of my mentor's at the bank and will continue to be so in this venture,” Mukesh said in a statementzorb balls for sale.
Mr. Malik, throughout his extensive career, has developed widespread knowledge in wealth management, consumer finance, SMEs, retail lending, risk management, and internet banking.
“His experience and seniority will be assets to Monexo, a young organization that is looking to make strong waves, and expand beyond Hong Kong”, commented Mukesh.Mr. Malik, has focused his public efforts since leaving his last role as CEO at Maritime Bank back in April 2015 on Advising Firms. This past April, global growth equity firm General Atlantic named Mr. Malik a Senior Advisor.
Author: Sahil Mohnani @ Monexo