Kaushal Shah to become new Head at Kotak Investment Banking

Kaushal Shah, now Managing Director and Head of Financial Services at the main internal structure of Kotak Investment Banking, the country’s premier investment bank, will soon become the new head of the company (founding ECM). Money control.
Certainly ECM means stock capital markets, this vertical handles IPOs, QIPs, rights issues, stock first issuance, block trades with other trades.
Shah is MD & Head (Global Capital Markets) ready to replace the retired bank Subhrajit Roy heading to India’s BofA Securities. Moneycontrol first reported Roy’s departure on May 4, 2021.
According to his LinkedIn profile, Kaushal Shah, a certified accountant and Indian School Business graduate, has worked for Kotak Investment Banking for over 16 years. Prior to that, I worked for ICICI Securities for more than three years in the M & A and capital markets teams. He also worked for Tata Steel and Precious Plasto Packing Ltd, which are part of the Meco Group.
“Kaushal Shah will take on a new role at the end of this month. He has a strong career in the finance department for the past five years and has good relationships with clients. Internal choices Induces minimal interruption, “added a second individual.
A third individual also confirmed the move. Shah reports to V Jayasankar, Senior Director and Head of Equity Capital Markets. It was not immediately clear who would take on Shah’s existing role in the company.
The above three people contacted Moneycontrol on the condition of all anonymity.
Moneycontrol is updating this article as soon as it receives a call waiting for Kotak Investment Banking’s email response. Kaushal Shah was unable to seek immediate feedback. In the
ECM sector, since last year, Kotak Investment Banking has been engaged in trading including Burger King IPO, Gland Pharma IPO, UTI AMC IPO, CAMS IPO, Embassy REIT IPO and HDFC Ltd & ICICIBank and QIP according to Reliance. Lights issue. Over the past few months, Lodha Group, Sona Comstar, listed by KIMS (Krishna Institute of Medical Sciences), and BrigadeEnterprises and AartiIndustries have acted according to listings in QIP.

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