<p>New Delhi: The board of Kotak Mahindra Bank on Friday approved the appointment of Ashok Vaswani as a Director, Managing Director and the CEO of the bank.</p>.<p> Last month, the Reserve Bank of India (RBI) had approved the appointment of Vaswani as the bank's MD & CEO for a period of three years.</p>.<p> The board of directors at their meeting on Friday appointed 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, Kotak Mahindra Bank said in a regulatory filing.</p>.Kotak Mahindra Bank gets RBI nod to appoint Ashok Vaswani as MD, CEO.<p> This is subject to the approval of the members of the bank, it said.</p>.<p> Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.</p>.<p> At present, Vaswani is the President of Pagaya Technologies Ltd -- a US-Israeli AI Fintech player.</p>.<p> He is also on the board of the London Stock Exchange Group, the SP Jain Institute of Global Management, UK, and supports various philanthropic organisations, including Pratham, and Lend a Hand.</p>.<p> Vaswani has a proven track record spanning three-and-a-half decades, initially at Citigroup and more recently, 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. </p>
<p>New Delhi: The board of Kotak Mahindra Bank on Friday approved the appointment of Ashok Vaswani as a Director, Managing Director and the CEO of the bank.</p>.<p> Last month, the Reserve Bank of India (RBI) had approved the appointment of Vaswani as the bank's MD & CEO for a period of three years.</p>.<p> The board of directors at their meeting on Friday appointed 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, Kotak Mahindra Bank said in a regulatory filing.</p>.Kotak Mahindra Bank gets RBI nod to appoint Ashok Vaswani as MD, CEO.<p> This is subject to the approval of the members of the bank, it said.</p>.<p> Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.</p>.<p> At present, Vaswani is the President of Pagaya Technologies Ltd -- a US-Israeli AI Fintech player.</p>.<p> He is also on the board of the London Stock Exchange Group, the SP Jain Institute of Global Management, UK, and supports various philanthropic organisations, including Pratham, and Lend a Hand.</p>.<p> Vaswani has a proven track record spanning three-and-a-half decades, initially at Citigroup and more recently, 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. </p>