Kotak Investment Banking has announced a significant leadership transition with V. Jayasankar and Sourav Mallik appointed as Managing Directors and Co-CEOs effective August 1, 2026. According to the company statement released on July 30, the investment banking firm elevated the Deputy Chief Executives to their new roles as part of its plan for the next phase of growth. The board has approved this dual leadership structure, with both executives receiving equal authority and responsibility to jointly lead the investment banking business. This appointment reflects the firm's focus on leadership continuity and relationship-led growth strategies, with the changes aimed at ensuring continuity, preserving institutional knowledge and supporting the firm's next phase of growth.
Ramesh Srinivasan will transition to a Non-Executive Vice Chairman role for a three-year term after more than three decades with the Kotak Group. As reported by the company statement, in his new position, Srinivasan will provide strategic advice on regulatory matters, key institutional relationships and strategic matters. His extensive experience within the Kotak Group will continue to inform the organization's strategic direction and client engagement efforts, with Srinivasan advising the management on strategic priorities, strengthening client engagement, deepening regulatory insights and supporting the Kotak Group on key institutional relationships. The company noted that Srinivasan, who currently serves as Managing Director and CEO of the investment bank, will take up the new role from August 1.
According to the company statement, Kotak Investment Banking offers financial advisory services and financing solutions to Indian and multinational corporations, individual promoters and financial sponsors across diverse sectors. The leadership transition comes as the investment banking arm of Kotak Mahindra Bank undergoes a noteworthy organizational change. The dual Co-CEO structure demonstrates the firm's commitment to maintaining continuity while positioning for future growth phases, with the company emphasizing that these changes are aimed at ensuring continuity and supporting the firm's next phase of growth. The services include equity capital market issuances, M&A advisory, and private equity advisory.
As reported by the company statement, V. Jayasankar is currently serving as Managing Director while Sourav Mallik holds the position of Managing Director and Deputy CEO. The company stated that Jayasankar and Mallik will jointly lead the business with equal authority and responsibility, building on their long-standing partnership and shared commitment to the firm's clients, people and growth strategy. Uday Kotak, Chairman of Kotak Investment Banking, praised the new leadership team, stating that Jayasankar and Mallik bring deep institutional knowledge, long-standing client relationships, specialist product expertise and an outstanding track record of execution. He emphasized that together, they will ensure continuity and take the business to its next phase of growth, noting that over the last decade, Kotak Investment Banking under Ramesh's leadership has strengthened its position as a trusted, differentiated and market-leading franchise.
