Depowise Eyes Asia Expansion, Strengthens Team

Luxembourg-based asset servicing platform Depowise has announced that it recently strengthened its team as part of its global expansion efforts.

With what the fintech startup described as "a strong foothold in the European market and the trust of top banks and financial institutions", the next step is global expansion. As part of this journey, Depowise has hired Amit Halbhavi as Customer Success Leader. He brings with him expertise from Asia, the Middle East and Europe (including Luxembourg), having spent more than thirteen years helping financial institutions modernise, scale and stay ahead of regulatory shifts. Now, he is part of Depowise's mission to elevate its community-driven standard and expand its global reach.

"We’re not here to follow trends - we’re here to create them," stated Melanie Moos, Depowise Managing Director in Luxembourg. "Amit knows exactly what it takes to help financial institutions evolve and will play a huge role in Depowise’s next growth phase."

Speaking about the Depowise "standard", Amit Halbhavi said: "Every new customer doesn’t just get a best-in-class AI-driven solution. They contribute governance insights and best practices that make the platform stronger for everyone. That’s the power of a community-driven standard."

He also expressed his appreciation for the local community: "I absolutely love the vibe of this city. Luxembourg has given Depowise a warm welcome, the LHoFT [Luxembourg House of Financial Technology] has opened its doors to us and the community has embraced us with growing trust in every collaboration. We are truly grateful for that!"

Depowise stated in its press release that it is "solving a massive industry pain point", namely what the firm has described as "outdated, manual oversight and compliance workflows that slow institutions down and expose them to risk". The proposed solution is "a single, intelligent platform that automates oversight, streamlines compliance and helps financial institutions scale - without the inefficiencies".

A recent addition to Depowise's arsenal is the next-gen Due Diligence Questionnaire (DDQ). This tool centralises sensitive information and automates "secure, seamless" stakeholder communication.

Depowise also elaborated on its expansion plans, with Asia "first on the list". Last week, the team met with 20 decision-makers in Hong Kong to validate market demand. The firm concluded that "the region is primed for Depowise".

"The demand is massive and the timing is perfect," commented Artur Reiter, co-founder and co-CEO of Depowise. "New regulations are shaking up the industry. Compliance is getting tougher. The eMPF rollout is changing the game. Tech adoption isn’t optional - it’s essential. The big players know it and we’re here to deliver."

Depowise noted that it has spent over a year preparing for this move, by "hiring key talent and enhancing the platform for new regulatory frameworks". With the groundwork set, "Asia is next".

With these goals in mind, Depowise has doubled the size of its team over the past twelve months, with the following additions: Amit Halbhavi (ex-KPMG, ex-Deloitte, ex-EY) has joined to enhance customer success and support expansion into new markets; Frank Becker (ex-BlackRock VP) is in charge of driving solution engineering in Germany, tapping into the €4 trillion asset servicing market; Leonid Belov (ex-BlackRock, ex-MSCI, ex-Bloomberg) is currently leading the firm's UK and Ireland expansion; Melanie Moos (ex-KPMG Partner, ex-Clearstream Senior VP) has taken the helm of Depowise Luxembourg.

"We’re not just growing - we’re leading," said Artur Reiter. "With the right team in place, we’re scaling faster, executing smarter and delivering even more value."

Founded in Estonia in 2021, Depowise currently operates in nine jurisdictions, with offices in Luxembourg, London (UK), Frankfurt (Germany) and Tallinn (Estonia). The company has described itself as an AI-powered asset servicing platform built to transform how financial institutions manage their operations. By automating and streamlining critical functions, such as oversight, compliance, safekeeping, reporting and record-keeping, Depowise strives to significantly reduce manual workloads and boost operational efficiency. The platform is also aimed at empowering firms to scale faster, improve accuracy and enhance profitability.