Kotak Mahindra Bank Limited announced the appointment of Ashok Vaswani as Managing Director and Chief Executive Officer of the company, with effect from January 1, 2024.
According to the company’s exchange filing, “In this regard, we inform you that, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the Board of Directors of the Bank have, at their meeting held today, appointed Mr. Ashok Vaswani as a Director and Managing Director and CEO and a Key Managerial Personnel of the Bank, for a period of three years, with effect from January 1, 2024, subject to the approval of the members of the Bank.”
Ashok 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. He brings with him significant executional experience with high degree of compliance and industrial strength across Corporate and Consumer businesses.
Vaswani was Chief Executive Officer of Barclays Bank, UK and subsequently CEO of their Global Consumer, Private, Corporate and Payments businesses and Member of the Group Executive Committee. Earlier, he was CEO Citigroup Asia Pacific and Member of the Citigroup Global Operating & Management Committees. Vaswani also built and ran various country and regional businesses across geographies. He has been President of Pagaya Technologies Ltd, a US-Israeli AI Fintech.
Vaswani also supports various philanthropic organisations, including Pratham, and Lend-A-Hand. He has been on the board of several prestigious institutions, such as the London Stock Exchange Group; the SP Jain Institute of Global Management, UK; Former Trustee, Citizens Advice Bureau; Former Chairman, Retail Committee, British Bankers Association; Former Chairman of the Board, Entercard; Former Board member, Telenor; Former Board Member of VISA Asia Pacific and VISA, UK; Former Director and Member of the Audit and Technology Committee for Barclays Africa Group Ltd and Former Director, UK Finance.
Vaswani is a Bachelor of Commerce, Economics and Accountancy, from the Sydenham College of Commerce and Economics (Bombay University), CA from the Institute of Chartered Accountants of India, CS from the Institute of Company Secretaries of India and Executive Education from the Stanford University Graduate School of Business.
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