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Kristal.AI aims to be every investor's 'first private bank'

Jovi Ho
Jovi Ho • 8 min read
Kristal.AI aims to be every investor's 'first private bank'
To serve the mass affluent market, Chanda co-founded Kristal.AI in 2016. The digital wealth manager targets accredited investors who have been ignored by big-name private banks. Photo: Albert Chua/The Edge Singapore
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After spending more than a decade at various financial institutions, Asheesh Chanda says one particular scene in the 2015 Hollywood Wall Street movie, The Big Short, encapsulates his founder journey.

In the film, eager upstarts Charlie Geller and Jamie Shipley tell a JPMorgan Chase executive that they manage a “phenomenal” US$30 million ($41.5 million) and would like access to high-level trades — to sit at the “big boy table”, as the film describes.

They then learn that they are still US$1.47 billion short, and the meeting is over in less than a minute.

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