The Board of Directors of Kotak Mahindra Bank Ltd. on Friday appointed Ashok Vaswani as a Director, Managing Director & CEO and a key managerial personnel of the financial institution for a interval of three years with impact from January 1.
He will take cost on January 1 upon Dipak Gupta’s time period as the MD & CEO and a key managerial personnel ending on December 31.
“Mr. Vaswani, 62, has a proven track record spanning three-and-a-half decades, initially at Citigroup and thereafter, at Barclays, of building and growing global businesses at scale, nurturing winning teams, establishing transformational partnerships, leveraging forward leaning technology, with a compelling business vision to deliver strong bottom-line growth,” the financial institution stated in a submitting with inventory exchanges.
Earlier, the RBI had cleared the title of Mr. Vaswani as the MD & CEO of the financial institution.
