Kotak Mahindra reshuffles top deck in corporate, investment banking

This is the first major organisational change after ING Vysya Bank was merged with KTB

Private sector lender Kotak Mahindra Bank has shuffled top leadership in its corporate and investment banking group. This is the first major organisational change after ING Vysya Bank merged with Kotak Mahindra Bank.

TV Raghunath, who was managing director and CEO of investment banking arm Kotak Mahindra Capital, will move to the bank to head corporate and investment banking group. He will report to KVS Manian, president – Corporate, Institutional and Investment Banking at the bank. “With these organisational changes, I am confident that we are well-structured to achieve the next level of growth,” Manian said.

Raghunath will continue to oversee Kotak Mahindra Capital Company. S Ramesh, presently joint MD of Kotak Investment Banking, has been elevated as MD & CEO of Kotak Investment Banking.

In addition, Sourav Mallik, currently the senior executive director and head – M&A at Kotak Investment Banking, will become joint MD at investment banking company, said a Kotak Mahindra Bank statement. 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, 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, backed by strengths and skills sets in investment banking, combined with a larger banking platform, and the group has a unique opportunity to provide the best banking solutions in an integrated manner to the corporate India.

Kotak Mahindra and associates are significant shareholders in Business Standard Limited