Kotak Mahindra Bank today announced the joining of Milind Nagnur as president and chief technology officer (CTO) to spearhead the bank’s technological transformation.
Nagnur brings with him more than 20 years of global experience in technology leadership roles predominantly in the banking and fintech space. He has an extensive background in highly regulated financial industries and managing large scale portfolios of critical transaction processing platforms, applications, data, and infrastructure services, the bank said in a statement.
Nagnur, who specialises in reimagining and fortifying core platforms and processes while building strategic innovative capabilities to fuel growth, joins Kotak from Early Warning, a fintech company owned by seven of the leading banks in the United States. Early Warning is best known as the owner and operator of the Zelle Network, a financial services network focused on transforming payment experiences.
His earlier stints were with Wells Fargo Bank, Citigroup and JP Morgan Chase.
“We are delighted to have Milind Nagnur join us as Kotak Mahindra Bank’s CTO. His rich experience in driving the technological initiatives in the global fintech and banking industry is an asset and we are confident that Milind will add immense value to our bank as we move towards the next level of growth,” said Dipak Gupta, joint managing director, Kotak Mahindra Banks.
“The Indian banking and financial services space is dramatically transforming with technology and I am excited to partner with an iconic brand that is transforming itself as a bank with technology at its core. I am truly excited to join the amazing team at Kotak Mahindra Bank and contribute to it’s brand promise of secure and trusted banking,” added Nagnur, who has a Bachelor of Technology Degree from Indian Institute of Technology (IIT) Bombay and an MBA in Computer Information Systems and Finance from Indian Institute of Management (IIM) Calcutta.