Kotak Mahindra Bank makes appointments at leadership levels; KVS Manian joins as joint managing director

Shanti Ekambaram has been appointed as deputy managing director, Devang Gheewalla will succeed Jaimin Bhatt as the group chief financial officer, Milind Nagnur has been elevated as chief operating officer and Paul Parambi has been elevated as group chief risk officer.

By  Storyboard18Feb 19, 2024 6:55 PM
Kotak Mahindra Bank makes appointments at leadership levels; KVS Manian joins as joint managing director
KVS Manian, whole-time director, Kotak Mahindra Bank said, “We are embarking on an exciting journey of growth and innovation, and I am honoured to step into this new role as Joint Managing Director. I am committed to working closely with my esteemed colleagues to drive our group forward, delivering value to our customers and stakeholders while upholding our core values of ethics and integrity."

Kotak Mahindra Bank announced the following appointments at leadership levels.

Ashok Vaswani, managing director and chief executive officer, 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.”

KVS Manian has been appointed as joint managing director with effect from March 1, 2024. He will spearhead the growth of wholesale bank, commercial bank, private banking, asset reconstruction division and wholesale credit. He will also continue to have oversight over the institutional equities and investment banking businesses of the Group.

Shanti Ekambaram has been appointed as deputy managing director with effect from March 1, 2024. She will continue to drive the growth of 811, Treasury and Global Markets businesses in addition to overseeing the functions of Human Resources, Group Marketing & Corporate Communications, Internal Vigilance, Internal Audit (administrative matters), Public Affairs, Corporate Social Responsibility and ESG. She will also continue to have oversight over Kotak Mahindra Financial Services Limited and Kotak Karma subsidiaries.

Devang Gheewalla will succeed Jaimin Bhatt as the group chief financial officer with effect from April 1, 2024. Jaimin Bhatt, Kotak Group’s current group chief financial officer superannuates on March 31, 2024.

Milind Nagnur has been elevated as chief operating officer of the bank with effect from April 1, 2024. He will continue to be the Bank’s Chief Technology Officer and will take additional responsibility for Bank Operations, Group Technology Architecture and Cyber Security functions. In his new role, he will be responsible for building the critical enablers that will fuel our aspirations for scale.

Paul Parambi has been elevated as group chief risk officer with effect from, March 1, 2024, thereby extending his role from the Bank to all Group companies. In his new role, Paul will be extending his expertise in assessing risk to our Group companies.

Manian, whole-time director, Kotak Mahindra Bank said, “We are embarking on an exciting journey of growth and innovation, and I am honoured to step into this new role as Joint Managing Director. I am committed to working closely with my esteemed colleagues to drive our group forward, delivering value to our customers and stakeholders while upholding our core values of ethics and integrity."

Ekambaram, whole-time director, Kotak Mahindra Bank said, “I thank the Board and the leadership team at Kotak for entrusting me with the role of Deputy Managing Director. As we embark on the next phase of scaling up Kotak, I look forward to contributing to the continued success and growth of our group. I am committed to collaborate closely with the team to drive strategic initiatives, foster innovation and uphold our commitment to excellence.”

First Published on Feb 19, 2024 6:53 PM

More from Storyboard18

Brand Makers

Sumanto Chattopadhyay’s ‘Stories of Words and Phrases’ unveils the origins of everyday expressions

Sumanto Chattopadhyay’s ‘Stories of Words and Phrases’ unveils the origins of everyday expressions

Brand Makers

Eternal hikes board pay by 316%, slashes average employee salaries in FY25

Eternal hikes board pay by 316%, slashes average employee salaries in FY25

Brand Makers

IndiGo reports higher ad, fuel costs in FY25; CEO Pieter Elbers targets 40% global share by FY30

IndiGo reports higher ad, fuel costs in FY25; CEO Pieter Elbers targets 40% global share by FY30

Brand Makers

IndiGo hits $10 billion mark, sets sights on global expansion

IndiGo hits $10 billion mark, sets sights on global expansion

Brand Makers

Meta appoints ChatGPT co-creator Shengjia Zhao as chief scientist of its Superintelligence Lab

Meta appoints ChatGPT co-creator Shengjia Zhao as chief scientist of its Superintelligence Lab

Brand Makers

'OTP Please's' Vandana Vasudevan: Small retailers feel they must be on Amazon

'OTP Please's' Vandana Vasudevan: Small retailers feel they must be on Amazon

Brand Makers

Poco India Chief Himanshu Tandon resigns, set to join Nothing in August

Poco India Chief Himanshu Tandon resigns, set to join Nothing in August

Brand Makers

We are open to sharing our AI models with the Global South: S Krishnan, Secretary, MeitY

We are open to sharing our AI models with the Global South: S Krishnan, Secretary, MeitY