Avestar Singapore Pte Ltd, a subsidiary of Avestar Capital, has appointed Zal Devitre as its new CEO. With more than two decades of international experience in wealth and asset management, Devitre’s career spans the US, Europe, Africa, and Asia. His appointment highlights a shift in Asia’s wealth management sector towards cross-border expertise and client alignment amid evolving regulatory and investment landscapes.
Devitre’s career began as a Peace Corps Volunteer in Cameroon, where he served as a Technical Adviser to a microfinance bank, focusing on financial inclusion and community development. He later held senior leadership roles at Citibank Singapore and Schroders, where he was Head of the Global Financial Client Group for Asia. Devitre holds a bachelor’s degree in international politics from Georgetown University and an MBA from Columbia Business School.
Shilpa Konduri, President of Avestar Capital, expressed enthusiasm about Devitre’s appointment, stating, “Zal’s appointment reinforces Avestar’s mission to provide holistic, conflict-free advisory to families worldwide.” Devitre himself commented, “Avestar Capital’s independence, integrity, and global mindset truly set it apart. I’m honoured to lead Avestar Singapore and look forward to delivering innovative client-centric solutions for families across Asia and beyond.”
Under the leadership of Founder and CEO Xerxes Soli Mullan, Avestar continues to expand its global presence, focusing on serving entrepreneurs, family offices, and next-generation wealth holders. This strategic move underscores the firm’s confidence in the region’s potential and its commitment to setting new benchmarks in independent, values-driven wealth advisory.
