MUMBAI: TV Raghunath has been appointed as the new head of corporate and investment banking at Kotak Mahindra Bank. His new position will see him focussing on covering the larger corporates in India in an integrated manner, with the help of the current Kotak Investment Banking senior executive director, Chetan Savla, as well as continuing to oversee Kotak Mahindra Capital Company (Kotak Investment Banking).

Raghunath’s former post as managing director and CEO of Kotak Investment Banking is now taken up by S Ramesh -- a veteran in the capital markets with extensive experience in handling marquee transactions, who can be credited with introducing many landmark initiatives in the Indian capital markets.

In addition, Sourav Mallik has moved up to become the joint managing director of Kotak Investment Banking, while the Equities business will be headed by V. Jayasankar. Pankaj Kalra is expected to play a significant leadership role in coverage and ideation for corporates in the Corporate Advisory Group of the investment bank.

Investment Banking corporate president KVS Manian said, "As I contemplate the future, I am excited about the significant opportunities that exist for us as a group to build a high-quality corporate franchise. With these organizational changes, I am confident that we are well structured to achieve the next level of growth.”