The new senior hire has more than 32 years of experience in banking, private equity and public accounting in global financial services.

FNZ, an end-to-end global wealth management platform, has just appointed Aashish Kamat (pictured) as group chief financial officer (CFO) and member of the executive committee.

He is succeeding Stewart Maclean, who will move into a group finance director role, after a period leading the finance function in 2024. As part of this planned transition, Maclean will play a key role in FNZ’s financial leadership team, the firm told this news service.

Kamat brings over 32 years of experience in banking and financial services, private equity and public accounting. Between 2019 and 2021, he was a co-managing partner at L Catterton’s GCC Asia Growth Fund, and a senior partner in the Singapore Office, the firm said in a statement.

Prior to this, Kamat served in senior roles across wholesale, investment, private and consumer banking. He was country head for UBS India between 2012 and 2018 and held regional chief operating officer (COO) and CFO positions at JP Morgan and Bank of America in New York and Hong Kong.

His experience across banking and financial services will be invaluable as FNZ seeks to deliver sustainable growth and advance its mission to harness its leading wealth management platform for the benefit of wealth managers and investors globally, the firm continued.

Kamat will work with group chief executive officer Blythe Masters and the executive committee to drive the next phase of FNZ’s growth journey as the company scales its platform and executes its strategic priorities. He will be based predominantly between the UK and India, although the role is global.

“His proven track-record and deep expertise as a CFO and team leader in global financial services, make him an ideal fit for FNZ as we continue to drive sustainable growth and deliver for clients across our global markets,” Masters said.

FNZ partners, which has more than 650 financial institutions and 12,000 wealth managers globally, oversees $1.5+ trillion in assets under administration.