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Capitolis onboards Bhat as CFO
27 July 2026 US
Image: Capitolis
Capitolis, a financial technology firm headquartered in New York, has appointed Ashwath Bhat as chief financial officer (CFO), effective from 3 August 2026.
In his role, Bhat will be responsible for leading the firm’s global finance organisation, reporting to Gil Mandelzis, chief executive officer and founder of Capitolis.
He will succeed Lindsey Baptiste Fiedler, who will remain with Capitolis in an advisory role.
Mandelzis says: “Capitolis has been growing rapidly, and we have been looking for a financial leader to help us scale the business and support our long-term ambitions.
“Ashwath has a proven track record of scaling global finance organisations through periods of rapid expansion, building the financial discipline, operational rigor, and strategic foundation required to support expansion at scale.”
Bhat brings more than two decades of financial leadership experience across high-growth
technology companies and global organisations, having most recently served as CFO at Fractal, leading the company’s initial public offering in February 2026.
Prior to Fractal, he spent more than a decade in senior finance leadership roles at Nielsen, including CFO of Global Media, Product, and Technology; and CFO of Gracenote and the Nielsen Portfolio; as well as regional CFO for Africa and the Middle East.
Earlier in his career, he held finance leadership positions at IBM South Asia and GE Healthcare South Asia.
Bhat states: “Capitolis has built a unique platform that delivers meaningful value to financial institutions, and I look forward to partnering with Gil and the leadership team to strengthen the company's financial foundation, support its strategic priorities, and help position Capitolis for continued long-term success.”
In his role, Bhat will be responsible for leading the firm’s global finance organisation, reporting to Gil Mandelzis, chief executive officer and founder of Capitolis.
He will succeed Lindsey Baptiste Fiedler, who will remain with Capitolis in an advisory role.
Mandelzis says: “Capitolis has been growing rapidly, and we have been looking for a financial leader to help us scale the business and support our long-term ambitions.
“Ashwath has a proven track record of scaling global finance organisations through periods of rapid expansion, building the financial discipline, operational rigor, and strategic foundation required to support expansion at scale.”
Bhat brings more than two decades of financial leadership experience across high-growth
technology companies and global organisations, having most recently served as CFO at Fractal, leading the company’s initial public offering in February 2026.
Prior to Fractal, he spent more than a decade in senior finance leadership roles at Nielsen, including CFO of Global Media, Product, and Technology; and CFO of Gracenote and the Nielsen Portfolio; as well as regional CFO for Africa and the Middle East.
Earlier in his career, he held finance leadership positions at IBM South Asia and GE Healthcare South Asia.
Bhat states: “Capitolis has built a unique platform that delivers meaningful value to financial institutions, and I look forward to partnering with Gil and the leadership team to strengthen the company's financial foundation, support its strategic priorities, and help position Capitolis for continued long-term success.”
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