Kotak Mahindra Bank, newly-appointed Managing Director and Chief Executive, Ashok Vaswani, has announced several key leadership changes.
In a significant move aimed at shaping the future of Kotak Mahindra Bank, newly-appointed Managing Director and Chief Executive, Ashok Vaswani, has announced several key leadership changes. Among these changes, K V S Manian has been elevated to the position of Joint Managing Director, while Shanti Ekambaram has been appointed as the Deputy Managing Director.
Vaswani emphasized the importance of these leadership changes in demonstrating the bank's commitment to stewardship and showcasing the depth of talent within the organization. Some of these appointments will come into effect on March 1, while others will take effect on April 1.
In his new role, Manian will be responsible for driving the growth of wholesale, commercial, and private banking, as well as overseeing the asset reconstruction division and wholesale credit. He will also retain oversight of the institutional equities and investment banking businesses within the group.
On the other hand, Ekambaram, in her role as Deputy Managing Director, will focus on driving the growth of 811, treasury, and global markets businesses. Additionally, she will oversee functions such as human resources, group marketing & corporate communications, internal vigilance, internal audit (administrative matters), public affairs, corporate social responsibility, and ESG. She will also continue to oversee Kotak Mahindra Financial Services and Kotak Karma subsidiaries.
Both Manian and Ekambaram bring extensive experience to their new roles, having been associated with the group for a significant period and serving as whole-time directors.
