Kerala News Journal

Ashok Vaswani Takes Over As CEO and MD of Kotak Mahindra Bank

<p>Veteran banker Ashok Vaswani took over as the managing director (MD) and CEO of Kotak Mahindra Bank on Monday, the bank said.</p>
<p><img decoding=”async” class=”alignnone wp-image-334484″ src=”×422.jpg” alt=” ashok vaswani takes over as ceo and md of kotak mahindra bank sad 1″ width=”1275″ height=”717″ title=”Ashok Vaswani Takes Over As CEO and MD of Kotak Mahindra Bank 3″ srcset=”×422.jpg 750w,×576.jpg 1024w,×432.jpg 768w,×220.jpg 390w,×84.jpg 150w, 1200w” sizes=”(max-width: 1275px) 100vw, 1275px” /></p>
<p>Following the resignation of founding director Uday Kotak as the bank’s CEO on September 1, 2023, he succeeded Dipak Gupta as temporary MD and CEO.</p>
<p>As of January 1, 2024, Ashok Vaswani will serve as the Bank’s CEO and Managing Director, according to a regulatory filing by Kotak Mahindra Bank.</p>
<p>For a three-year term, starting in October 2023, Vaswani will serve as the bank’s MD and CEO, after approval by the Reserve Bank of India (RBI).</p>
<p>He graduated from Sydenham College of Commerce and Economics, much like Uday Kotak. Vaswani is also a certified company secretary and chartered accountant.</p>
<p>Vaswani has just been employed by Barclays. Before this, Vaswani held the position of President of the US-Israeli AI Fintech company Pagaya Technologies Ltd.</p>
<p>His track record spans three and a half decades, having first gained experience at Citigroup and most recently at Barclays.</p>
<p>In addition, the regulatory filing said that CS Rajan has taken over as the bank’s chairman.</p>
<p>Prakash Apte’s tenure as board chairman ended on December 31, 2023, and Rajan was appointed as the board’s part-time chairman in his place.</p>
<p>According to the petition, Rajan was named as an Independent Director on the bank’s board of directors effective October 22, 2022.</p>
<p>He was a 1978-batch IAS official who retired in 2016 as the government of Rajasthan’s chief secretary.</p>
<p>Eli Leenaars, whose full name is Cornelis Petrus Adrianus Joseph Leenaars, has taken on the role of Independent Director of the Bank, effective January 1, 2024, according to the filing.</p>

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