Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.
Joy Kwek joins from Morgan Stanley and is tasked with leading synergies between SMBC and SMBC Nikko, strengthening their capital markets and structured solutions offering.
The Series A+ round was led by Nikko Asset Management, with support from Peak XV, Prosus, Saison Capital, and founder Walter de Oude; the Singapore-headquartered firm has also been granted a licence for Hong Kong.
As the Israeli firm expands into Apac, Singapore retail investors can access stocks from over 20 global stock exchanges, ETFs, and derivatives, on eToro’s social investing platform.