Aggarwal was previously Head of Commercial Products (Southeast Asia) at global financial services company Visa. In the past, he has also worked at American Express.
The development comes ahead of CompareAsia’s large Series B financing round and two weeks after appointing former KKR executive Sam Allen as its CEO.
“Digital technologies are changing the way people make decisions about their finances in Asia. CompareAsiaGroup is already a key distribution channel for banking, insurance and telco products and I am excited about working with providers to help them understand and benefit from this time of rapid digital transformation across the industry,” Aggarwal said in a statement.
Launched in 2014, CompareAsiaGroup is a lading financial comparison platform in Asia. The group helps people across Asia save money and make better choices about personal finance with free and independent online comparison tools for insurance, credit cards, personal loans and other financial products. It enables users to compare over 1,500 products of leading banks and insurance companies, including American Express, HSBC, Citibank, Standard Chartered and MSIG.
CompareAsiaGroup operates comparison sites in eight markets — Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam — covering over half a billion people. The company claims annually over 20 million users use its services.
Currently, the group employs 200 financial experts and technologists.
In April last year, CompareAsiaGroup had raised US$40 million Series A funding, led by Goldman Sachs. Jardine Pacific, Nova Founders Capital, ACE & Company, and Route 66 Ventures, alongside renowned Silicon Valley veterans Peter Thiel, Mark Pincus, Owen Van Natta, and Tom Stafford of DST, also had participated in the round.