CEOs
India's Kotak Investment Banking appoints co-CEOs July 30 (Reuters) - India's Kotak Investment Banking said on Thursday it had elevated Deputy Chief Executives V. Jayasankar and Sourav Mallik to co-CEOs and managing directors, effective August 1.
Here are some details:
The company, a unit of Kotak Mahindra Bank KTKM.NS, also named Ramesh Srinivasan as non-executive vice chairman of the board for a three-year term, effective August 1.
The leadership changes are aimed at ensuring continuity and supporting the firm's next phase of growth, it said.
Kotak Investment Banking advises companies on mergers and acquisitions, capital-raising transactions, initial public offerings and debt issuances.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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