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Former SBI Chairman Rajnish Kumar appointed as exclusive advisor of Kotak's Special Situation Fund

Rajnish Kumar, chairman of State Bank of India Ltd. (Bloomberg) — Rajnish Kumar, chairman of State Bank of India Ltd. **(Bloomberg)**

1 min read . Updated: 12 Feb 2021, 07:56 PM IST Staff Writer

'Kotak Investment Advisors Limited (KIAL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, focuses on the Alternate Assets business of the Group,' according to a statement by the company.

Kotak Investment Advisors Limited (KIAL) today announced that Rajnish Kumar, former Chairman of State Bank of India (SBI), would be exclusive advisor for its US$ 1 billion Special Situation Fund.

Rajnish Kumar was the chairman of SBI for a tenure of three-year.

"Kotak Investment Advisors Limited (KIAL), a wholly-owned subsidiary of Kotak Mahindra Bank Limited, focuses on the Alternate Assets business of the Group," according to a statement by the company.

KIAL was set up in early 2005 to bring a sharper focus to the Group’s alternate assets and has raised in aggregate ~$4.6 billion across different asset classes including Private Equity Funds, Real Estate Funds, Infrastructure Funds, Special Situations Fund, Listed Strategies and Investment Advisory, all led by independent investment teams.

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