Tiwari’s exit comes after Pravin Bathe, the chief compliance officer at Angel One put in his papers a month ago.
Both executives resigned citing personal reasons and their desire to pursue other interests outside the company.
Earlier this year, Prateek Mehta, the chief business officer at the firm had also resigned. Mehta eventually joined early-stage venture capital firm South Park Commons.
ET had written on September 4 that Arief Mohamad, previously head of the fashion vertical at Flipkart, would be appointed as chief business officer at the company. The appointment was announced by the firm in October.
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Bathe joined Angel One in March 2022. Prior to joining the Mumbai-based stockbroker he had worked at the Securities and Exchange Board of India (Sebi) and was the head of compliance at Citibank India.
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Tiwari was also the chief marketing officer at PayU and joined Angel One in 2019 as its marketing chief. He was elevated to the position of head of growth in 2021.Angel One, is currently the third-largest stockbroker in the country, in terms of the total number of active users. At 7.5 million active clients, it follows Zerodha on this count. The stockbroker closed its September quarter with a total operational revenue of Rs 1,514 crore and a net profit of Rs 423 crore.
