Mumbai: Kotak Investment Banking (KIB), the investment banking arm of Kotak Mahindra Bank, has announced a leadership transition.The board has appointed V. Jayasankar and Sourav Mallik as Managing Directors and Co-CEOs. They will jointly lead the investment banking business with equal authority, reflecting the firm's focus on leadership continuity and relationship-led growth.Also Read: FCNR(B) deposit drive could pressure banks' profitabilityEffective August 1, 2026, Ramesh Srinivasan will move into the role of Non-Executive Vice Chairman for a three-year term after more than three decades with the Kotak Group.In his new position, he will advise the management on strategy, regulatory matters, client service and key institutional relationships."Over the last decade, Kotak Investment Banking under Ramesh's leadership has strengthened its position as a trusted, differentiated and market-leading franchise. Jayasankar and Sourav are exceptionally well placed to lead the business. Together, they will ensure continuity and take the business to its next phase of growth," said Uday Kotak, Chairman of Kotak Investment Banking.