Systematix Group has appointed industry professionals Bhaskar Hazra and Partha Sengupta as Joint Managing Director & CEO – Private Wealth Business, as part of its effort to strengthen leadership in its wealth management vertical. The company said the move aligns with its strategy to expand and differentiate its private wealth platform.
Systematix Group operates across brokerage, investment banking, wealth and asset management, and NBFC services. According to the company, it employs over 300 professionals and serves approximately 13,000 wealth and asset management clients, managing more than ₹10,000 crore in assets. Its listed flagship entity is Systematix Corporate Services Ltd. The firm recently expanded its alternatives business with new AIF funds across SME financing, pre-IPO and secondary investments, and real estate credit strategies.
The group stated that Mr. Hazra and Mr. Sengupta bring over 50 years of combined experience across banking, wealth management, and business transformation, and will be responsible for driving the next phase of growth in India and select global markets.
Mr. Bhaskar Hazra has over 26 years of experience, having worked in senior roles in consumer and private banking at Barclays Private Bank, Standard Chartered Bank, and GE Countrywide across India, the UAE, and other markets. Systematix noted that he will focus on strategy, market expansion in India and the Middle East, and digital transformation.
Mr. Partha Sengupta has more than 27 years of experience across banking, wealth management, and strategy. He has previously held leadership positions at Axis Bank, TrustPlutus Wealth Managers, and Standard Chartered Bank. His role, as described by the company, will centre on developing a technology-led, client-focused wealth management platform.
Mr. Nikhil Khandelwal, Managing Director, Systematix Group, said, “We are delighted to welcome Bhaskar and Partha to the Systematix family. Their strategic foresight, proven leadership, and deep industry expertise will enable us to build a world-class private wealth business franchise grounded in trust, innovation, and long-term value creation. This marks a defining milestone in our journey to broaden and strengthen our financial services portfolio.”
Mr. Bhaskar Hazra, Joint Managing Director & CEO - Private Wealth Business, added, “I’m firmly committed to shaping Systematix Private Wealth into a trusted, forward-thinking institution deep rooted in integrity, innovation and enduring client partnerships. We aim to build a legacy platform that grows and protects wealth while empowering clients to fulfil aspirations across generations.”
Mr. Partha Sengupta, Joint Managing Director & CEO - Private Wealth Business, stated, “India’s rapidly expanding affluent and HNI segment presents a significant opportunity to build a differentiated wealth platform. Systematix, with its strong foundation, strategic focus, and market insights, is well-positioned to create a scalable, customer-centric wealth ecosystem. I look forward to contributing to this exciting journey.”
The company stated that the leadership appointments reflect its focus on offering holistic, research-driven, and digitally enabled wealth solutions tailored to evolving needs of affluent and high-net-worth clients.
