UBS Warburg loses Sondhi to Kotak Mahindra

After over four years at the helm, UBS Warburg''s country head for India, Ajay Sondhi, is joining Kotak Mahindra as group president.

After over four years at the helm, UBS Warburg's country head for India, Ajay Sondhi, is joining Kotak Mahindra as group president - institutions and, vice chairman and managing director of Kotak Mahindra Capital, the joint venture with Goldman Sachs in which the latter has a 25% stake.

Commenting on the appointment Richard Gnodde, president, Goldman Sachs Asia says, I'm delighted that a banker of Ajay's proven capabilities has joined our joint venture. Our partner, Kotak Mahindra, already has the premier banking and securities franchise in India and Ajay's appointment will only strengthen it further to take advantage of growing opportunities with India's world class technology companies and the government as it privatizes state-owned industries....

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