Systematix Corporate Services Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Press Release for appointment of Mr. Bhaskar Hazra and Mr. Partha Sengupta as Joint Managing Director & CEO - Private Wealth Business in Systematix Wealth & Asset Services Private Limited, a Wholly Owned Subsidiary of the Company"
SYSTMTXC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Systematix Corporate Services has appointed two senior industry professionals, Mr. Bhaskar Hazra (ex-Barclays, Standard Chartered) and Mr. Partha Sengupta (ex-Axis Bank, Standard Chartered), as Joint Managing Director & CEO of the Private Wealth Business at its wholly owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL). The appointments are part of the group's strategy to scale its wealth management platform, which currently oversees over Rs 10,000 crore in assets and serves around 13,000 clients. The subsidiary has also recently launched new AIF funds across SME, Pre-IPO, Secondaries, and Real Estate Credit strategies. The duo brings over 50 years of combined global leadership experience in private banking, wealth management, and consumer banking. Importantly, these appointees will not be on the board of the listed entity (SCSL) or SWASPL.
Positive for shareholders — demonstrates management's serious commitment to growing the high-margin private wealth vertical by bringing in experienced external talent from top global banks. The subsidiary-level focus on wealth expansion could translate into stronger revenue diversification and long-term value creation for the listed parent company.