Kotak Mahindra Bank Ltd. (“KMBL” / “Bank”) has announced a strategic realignment at the top echelons of its leadership, signaling a robust push towards innovation and expansion in the competitive financial sector. In a bid to accelerate its transformation into a customer-centric, technology-powered financial institution, Kotak Mahindra Bank revealed a slew of high-profile appointments today. Spearheading this transformation is the elevation of KVS Manian to the position of Joint Managing Director, effective March 1, 2024. Manian, with his extensive experience and proven track record, is set to lead the charge in driving growth across various key segments, including Wholesale Bank, Commercial Bank, Private Banking, and Asset Reconstruction Division.
Joining Manian in this strategic endeavor is Shanti Ekambaram, appointed as Deputy Managing Director, also effective March 1, 2024. Ekambaram will play a pivotal role in steering growth initiatives across critical sectors such as 811, Treasury, and Global Markets businesses, while overseeing key functions such as Human Resources and Corporate Social Responsibility.
Additionally, the bank announced the appointment of Devang Gheewalla as the Group Chief Financial Officer, effective April 1, 2024, succeeding Jaimin Bhatt, who superannuates on March 31, 2024. Milind Nagnur has been elevated as Chief Operating Officer of the Bank, also effective April 1, 2024, while Paul Parambi takes on the role of Group Chief Risk Officer from March 1, 2024.
