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Ms Falguni Nayar is set to quit as Managing Director, Kotak Mahindra Capital Company Ltd (KMCC) as she plans to pursue an entrepreneurial venture. However, she will continue to serve as an advisor to the group.
Ms Nayar will be replaced by Ms Shanti Ekambaram who is the President of Wholesale Banking and director on the board of KMCC. She will additionally take on the responsibility of the investment bank, said a statement from Kotak Mahindra Capital Company.
Mr C. Jayaram, who is joint managing director on the board of Kotak Mahindra Bank and director on the board of Kotak Securities, will oversee Kotak Institutional Equities.
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