The Reserve Bank of India has approved the appointment of Ashok Vaswani as Management Director and Chief Executive Officer (MD and CEO) of the Kotak Mahindra Bank. Ashok Vaswani replaces Uday Kotak following his resignation after spending 21 years with the bank.
Who is Ashok Vaswani?
Ashok Vaswani has been a career banker for the past three-and-a-half decades. Vaswani was initially at Citigroup and has built and grown global businesses at scale. While working with Citigroup, he was the CEO of Citigroup Asia Pacific and a Member of the Citigroup Global Operating and Management Committees.
Previously, Vaswani was the Chief Executive Officer of Barclays Bank in the United Kingdom and subsequently, he was the CEO of their Global Consumer, Private, Corporate and Payments businesses and a Member of the Group Executive Committee.
Currently, Vaswani is the President of Pagaya Technologies Ltd, a US-Israeli AI Fintech company. He is also a board member of the London Stock Exchange Group and the SP Jain Institute of Global Management, UK.
Ashok Vaswani holds a Bachelor’s degree in Commerce, Economics and Accountancy from Sydenham College of Commerce and Economics (Bombay University). He is a qualified CA and is also part of the Executive Education programme of Stanford University’s Graduate School of Business.