Kotak group rejigs investment banking division

The Kotak Mahindra Group today announced senior leadership movements within the group, subject to corporate and regulatory approvals.

TV Raghunath (TV) is being appointed as Head - Corporate and Investment Banking, Kotak Mahindra Bank. He will report to KVS Manian, President - Corporate, Institutional and Investment Banking, Kotak Mahindra Bank. TV will continue to oversee Kotak Mahindra Capital Company (Kotak Investment Banking), Kotak Bank said in a statement.

S Ramesh, currently Joint Managing Director of Kotak Investment Banking, will take charge as Managing Director & CEO, Kotak Investment Banking.

In addition, Sourav Mallik, currently Senior Executive Director and Head - M&A at Kotak Investment Banking, is being elevated as Joint Managing Director, Kotak Investment Banking.

The equities business will be headed by V Jayasankar, and 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, Senior Executive Director, Kotak Investment Banking, will join TV Raghunath to bring focus in covering some of the largest corporates in India in an integrated manner.

KVS Manian, President - Corporate, Institutional and Investment Banking, Kotak Mahindra Bank, said, “As I contemplate the future, I am excited about the significant opportunities that exist for us as a group to build a high-quality corporate franchise...With these organisational changes, I am confident that we are well structured to achieve the next level of growth.”

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