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Saturday, April 4, 2015

Kotak Mahindra Bank rejigs corporate, i-banking arm

Post its acquisition of ING's India business, the Kotak Mahindra Group has rejig its top management.

TV Raghunath, who until was in-charge of investment banking will now take up a bigger role and will also oversee corporate banking. From now on he is the head - Corporate and Investment Banking at the bank. TV, as he is fondly called, will report to KVS Manian, President - Corporate, Institutional and Investment Banking, Kotak Mahindra Bank.

"TV will continue to oversee Kotak Mahindra Capital Company (Kotak Investment Banking)," the release said.

S Ramesh, presently the Joint Managing Director of Kotak Investment Banking, will take charge as Managing Director & CEO, Kotak Investment Banking.

Sourav Mallik, currently the Senior Executive Director and Head - M&A at Kotak Investment Banking is being elevated to Joint Managing Director, Kotak Investment Banking. The Equities business will be headed by V. Jayasankar, and Pankaj Kalra will play a significant leadership role in coverage and ideation for corporates in the Corporate Advisory Group of the investment bank.

Chetan Savla, presently Senior Executive Director, Kotak Investment Banking will join TV Raghunath at the Bank to bring focus in covering some of the largest corporates in India in an integrated manner.

KVS Manian, President - Corporate, Institutional and Investment Banking, Kotak Mahindra Bank said, "As I contemplate the future, I am excited about the significant opportunities that exist for us as a group to build a high-quality corporate franchise. Backed by our strengths and unique skills sets in investment banking, combined with a larger banking platform, we have a unique opportunity to provide the best banking solutions in an integrated manner to Corporate India."

"With these organizational changes, I am confident that we are well structured to achieve the next level of growth", Manian added.

Source : Economic Times

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