Capitolis Names Ashwath Bhat as New Chief Financial Officer | LeapRate
Capitolis, the financial technology firm, has appointed Ashwath Bhat as its new Chief Financial Officer, effective August 3. Bhat will report directly to Gil Mandelzis, the company’s Chief Executive Officer and Founder, and will take charge of Capitolis’ global finance organization as the firm looks to sustain its growth trajectory.
Bhat succeeds Lindsey Baptiste Fiedler, who is stepping back from the CFO role but will stay on with Capitolis in an advisory capacity to support a smooth handover.
Bhat arrives with more than 20 years of financial leadership experience spanning both public and private sector organizations. He most recently served as CFO of Fractal, an AI and analytics company listed on the National Stock Exchange of India, where he oversaw the company’s IPO in February 2026 while helping boost revenue and profitability.
Before that, he spent over a decade at Nielsen in various senior finance positions, including CFO roles at Global Media, Product and Technology, and at Gracenote. He also served as regional CFO for Africa and the Middle East at Nielsen, and earlier held finance leadership posts at IBM South Asia and GE Healthcare South Asia.
“Capitolis has been growing rapidly, and we have been looking for a financial leader to help us scale the business,” Mandelzis said, adding that Bhat brings the operational rigor needed for continued expansion.
Bhat said he was eager to help strengthen the company’s financial foundation as it enters what he called a “pivotal moment.”
The appointment follows a stretch of momentum for Capitolis, marked by new product launches and an expanding client base.
