Kotak Mahindra Bank Brings “Global Indian” Ashok Vaswani to Serve as CEO

Following Uday Kotak’s resignation as CEO and MD of Kotak Mahindra Bank, the bank announced on Saturday that Ashok Vaswani, a successful international banker, would be the next CEO.

“Ashok Vaswani is a world-class leader and banker with a digital and customer focus. I am proud that we bring a “Global Indian” home to build Kotak and India of tomorrow,” stated Uday Kotak, the former CEO and founder.

Ashok Vaswani brings a wealth of experience across various domains, including AI and banking. He has previously held roles as the CEO of Citigroup Asia Pacific and Barclays.

Ashok Vaswani completed his undergraduate studies in India. Before taking on prominent roles in his career, he accomplished the significant milestone of completing two rigorous Indian professional courses, earning a Chartered Accountancy (CA) degree from the Institute of Chartered Accountants of India and a Company Secretaries (CS) degree from the Institute of Company Secretaries of India. He also earned a Bachelor of Commerce degree in Economics and Accountancy from Sydenham College of Commerce and Economics (Bombay University). His educational journey also included Executive Education at Stanford University Graduate School of Business.

His past roles include serving as the Chief Executive Officer of Barclays Bank, UK, and subsequently as CEO of their Global Consumer, Private, Corporate, and Payments businesses. He was also a member of the Group Executive Committee. He has also served in leadership roles, such as Former Chairman of the Retail Committee at the British Bankers Association, Former Chairman of the Board at Entercard, Former Board Member at Telenor, Former Board Member of VISA Asia Pacific and VISA, UK, and Former Director and Member of the Audit and Technology Committee for Barclays Africa Group Ltd. He was also a Former Director at UK Finance.

Ashok Vaswani is a member of the Board of the London Stock Exchange Group and the SP Jain Institute of Global Management, UK. Currently, he holds the position of President at Pagaya Technologies Ltd, a US-Israeli AI Fintech company, according to Kotak Mahindra’s BSE filing.

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