Kotak Mahindra Bank Announces Key Leadership Changes

In a significant reshuffle of its top management, Kotak Mahindra Bank unveiled several strategic appointments aimed at bolstering its leadership team and driving forward its growth and innovation agenda.

Effective April 1, 2024, Devang Gheewalla will assume the role of Chief Financial Officer, succeeding Jaimin Bhatt, who will retire on March 31, 2024. Gheewalla brings a wealth of financial expertise to the position, poised to steer the bank’s financial strategies and initiatives.

Milind Nagnur, the current Chief Technology Officer, will take on the additional responsibility of Chief Operating Officer from April 1, 2024. In this dual role, Nagnur will oversee operations, technology architecture, and cybersecurity, further enhancing the bank’s operational efficiency and digital capabilities.

Furthermore, KVS Manian, currently serving as a Whole-time Director, will transition into the role of Joint Managing Director effective March 1, 2024. In his new capacity, Manian expressed his commitment to driving growth and innovation while upholding the bank’s core values of ethics and integrity.

Similarly, Shanti Ekambaram, also a full-time director, will assume the role of Deputy Managing Director from March 1, 2024. Ekambaram expressed gratitude for the opportunity and pledged to contribute to the bank’s continued success and growth by fostering strategic initiatives and promoting a culture of excellence.

These leadership changes come at a pivotal moment for Kotak Mahindra Bank as it embarks on a journey of growth and innovation.

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