Bajaj Finserv announces appointment of Lakshmi Iyer as Group President
has announced the appointment of
Lakshmi Iyer
as Group President - Investments which will be effective from August 1, 2025. Bajaj Finserv said in an exchange filing that, 'We are pleased to inform you of the appointment of Ms. Lakshmi Iyer as Group President – Investments, effective 1 August 2025.'
The filing mentioned that it was a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('the 'SEBI Listing Regulations, 2015') – Change in Senior Management Personnel.
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According to the filing, Lakshmi brings nearly 27 years of expertise in
financial services
across wealth advisory, strategy and product solutions spanning
fixed income
,
real estate
and alternates.
'With strong capabilities in deal execution and fund management, Lakshmi has led high performance teams in the investment space. Lakshmi holds an MBA degree in finance from Narsee Monjee Institute of Management Studies and has been recognized by Asian Investor publication as one of Asia's 25 most influential women in
asset management
,' Bajaj Finserv said in the exchange filing.
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Lakshmi Iyer, a veteran fund manager at India's Kotak Mahindra Group, has quit after over twenty years at the firm. Iyer was chief executive officer of investments and strategy at Kotak Alternate Asset Managers Ltd, as reported by Bloomberg.
At Kotak Mahindra Asset Management Company (KMAMC), Lakshmi Iyer served as Chief Investment Officer – Fixed Income and Head of Products. She was responsible for credit research, deal execution, and overseeing the performance of all debt funds. In addition, she supported sales through client engagement, acted as a portfolio specialist, and led various product initiatives, including pricing and coordination between fund management and sales teams.
Before joining Kotak, Ms. Lakshmi Iyer was a research analyst at Credence Analytics Pvt. Ltd., where she tracked India's corporate bond markets and authored research reports. She also collaborated with software developers and technical teams in building financial software tools.
Ms. Iyer holds an MBA in Finance from Narsee Monjee Institute of Management Studies. She has been recognised among the Top 25 Most Influential Women in Asset Management in Asia by Asian Investor.
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Kotak Alternate manages about $20 billion, with over $6 billion spread across 14 private credit funds. Overseas investors, including family offices and wealthy individuals, account for the bulk of the assets.
Bajaj Finserv, led by Sanjiv Bajaj, is a financial conglomerate focused largely on retail credit, including consumer loans. It has also ventured into the asset management space through its subsidiary, Bajaj Finserv Asset Management Ltd — one of the newer entrants in the mutual fund industry.
In April, Rajeev Jain, CEO of Bajaj Finance, was appointed as an additional director on the board of Bajaj Finserv. He also serves as the vice chairman of
Bajaj Finance
Ltd.
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