Agency News
Why advertising agencies can no longer afford single-sector dependence

360 ONE (formerly IIFL Wealth & Asset Management) has appointed Raghav Iyengar as the CEO designate of its asset business (360 One Asset). Iyengar has an experience of over three decades in the financial service sector. Before joining 360 One Asset, he served as the President and Chief Business Officer at Axis Asset Management, where he led retail and institutional sales, marketing, digital business intelligence, public relations, and investor services.
On the appointment of Iyengar, Karan Bhagat, Founder, MD and CEO of 360 One said, "Raghav’s extensive experience and demonstrated track record in asset management will further strengthen our position as the leaders in Alternates in India. His exposure to different market segments and strategic implementation of new products and distribution strategies will drive our growth and enhance our ability to deliver exceptional value to investors".
360 ONE Asset is an alternates-focused asset management firm with assets under management of $8.7 billion as of March 31, 2024. It is part of the 360 ONE group that has over $56 billion of assets under management as of 31 March 2024.
Despite being the original architects of global brands, advertising holding companies are collapsing in market value because they still sell human hours while the world now rewards scalable, self-learning systems.