Kotak Securities (KSL) has appointed Jaideep Hansraj as its managing director and CEO. Previously, he was CEO, wealth management and priority banking, Kotak Mahindra Bank.
Hansraj joined the Kotak Mahindra Group in July 1993. In a short span of four years, he was elevated to the position of chief executive, Kotak Mahindra International (a subsidiary of Kotak Mahindra Finance) in Dubai. In October 1999, Hansraj took over as the head of Kotak Securities’ private client division. After five years, in September 2004, he assumed charge as business head- wealth management. Under his leadership, the Company’s wealth management business grew to be counted amongst the leading wealth managers in the country.
After a decade, Hansraj went on to become head-wealth management and priority banking. In this position, he spent five years leading the growth and expansion of private banking as well as priority banking businesses at Kotak Mahindra Bank.
Kotak Securities is a subsidiary of Kotak Mahindra Bank, and is the stock broking arm of the Kotak Mahindra Group. With 1,352 branches, franchises, representative offices, and satellite offices across 351 cities, Kotak Securities has the largest reach in the equity-broking industry. It processes over 5,00,000 secondary market trades every day and has a customer base of more than 13,60,000 customers. Awarded the Best Brokerage India 2018 by Triple A Asset Country Awards, Kotak Securities offers a wide range of financial products to its clients, including equity, derivatives, currency derivatives, distribution of IPOs, mutual funds and insurance.