Kotak rebuilds top leadership

Kotak Mahindra Bank has appointed KVS Manian and Shanti Ekambaram as deputy managing directors with effect from March 1, 2024, according to a statement issued by the bank on Monday. Both were whole-time directors and key managerial personnel at the private bank.

The bank said three other senior officials were elevated – Devang Gheewalla, Milind Nagnur and Paul Parambi.

Devang Gheewalla will succeed Jaimin Bhatt as the group’s chief financial officer from April 1, 2024. Jaimin Bhatt will superannuate on March 31, 2024.

Milind Nagnur will be elevated to chief operating officer starting April 1, 2024. He will continue to be the bank’s chief technology officer and 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,” the bank said.

Paul Parambi is the group chief risk officer from March 1, 2024, thereby extending his role from the bank to all group companies.

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