In a surprising move, Kotak Mahindra Bank has appointed international banker Ashok Vaswani as its next CEO and MD, following the resignation of Uday Kotak. This decision goes against expert predictions of an insider being chosen for the top leadership role. Former CEO and founder, Uday Kotak, expressed his pride in bringing a “Global Indian” back to India to build the bank and the country’s future.
Ashok Vaswani brings a wealth of experience in various fields, including AI and banking. He has previously served as the CEO of Citigroup Asia Pacific and Barclays. Vaswani’s educational background includes a Bachelor of Commerce, Economics and Accountancy from the Sydenham College of Commerce and Economics, as well as executive education from Stanford University Graduate School of Business. He was born and raised in India and is currently serving as the President of Pagaya Technologies Ltd, a US-Israeli AI Fintech company.
Aside from his impressive career portfolio, Vaswani is also involved in philanthropic organizations such as Pratham and Lend-A-Hand. He also holds positions in notable institutions, including the Board of the London Stock Exchange Group and the SP Jain Institute of Global Management, UK. This appointment marks a significant change in leadership for Kotak Mahindra Bank as it looks to embrace a new era under the guidance of Ashok Vaswani.
(Note: The news article does not provide any information beyond these two paragraphs)
