Kotak Mahindra Bank Ltd. (KMBL) has appointed several leadership positions, aiming to accelerate change and become a customer-centric tech-enabled financial institution. KVS Manian has been appointed as Joint Managing Director, overseeing the growth of Wholesale Bank, Commercial Bank, Private Banking, Asset Reconstruction Division, and Wholesale Credit. He will also oversee the Institutional Equities and Investment Banking businesses.
Shanti Ekambaram has been appointed as Deputy Managing Director, driving the growth of 811, Treasury, and Global Markets businesses, while overseeing Human Resources, Group Marketing & Corporate Communications, Internal Vigilance, Internal Audit, Public Affairs, Corporate Social Responsibility, and ESG. Both Manian and Ekambaram have a proven track record of building successful businesses with the Group. Kotak Group has appointed Devang Gheewalla as the Group Chief Financial Officer, effective April 1, 2024, following the resignation of Jaimin Bhatt.
Milind Nagnurhas has been elevated as Chief Operating Officer, taking on additional responsibilities for Bank Operations, Group Technology Architecture, and Cyber Security functions. Nagnurhas will also build critical enablers for scale. Paul Parambihas has been elevated as Group Chief Risk Officer, extending his role from the bank to all Group companies, focusing on risk assessment. These changes reflect Kotak Group’s commitment to enhancing its operations and capabilities. Ashok Vaswani, MD & CEO, Kotak Mahindra Bank said, “I am delighted to share key leadership announcements that will shape the future of our group. These leadership changes demonstrate the value of stewardship and the depth of talent we have at Kotak.”
