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Kotak Mahindra group announces senior staff changes

The Kotak Mahindra Group has announced senior leadership changes within the group following the merger of ING Vysya Bank with it. Accordingly, T.V. Raghunath, who has been heading the investment banking division of the group, will now be head – Corporate and Investment Banking, Kotak Mahindra Bank. He will report to K.V.S. Manian, president – Corporate, Institutional and Investment Banking. He will continue to oversee Kotak Mahindra Capital Company. S. Ramesh, until now joint managing director of Kotak Investment Banking, will take charge as managing director & CEO of the division. Sourav Mallik, currently the senior executive director and head – M&A, Kotak Investment Banking, has been promoted as joint managing director of the division. . The Equities Business will be headed by V. Jayasankar. 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 Raghunath at the bank to bring focus in covering some of the largest corporates in India in an integrated manner. Manian said, as the bank contemplates the future, it sees significant opportunities to build a high-quality corporate franchise. He added the organizational changes will make the group well structured to achieve the next level of growth.

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