K V Kamath, a renowned banker and former head of ICICI Bank, has joined KKR’s Indian business as a senior advisor. KKR seeks to create value to its portfolio firms by leveraging its extensive network and industry experts’ skills, including that of KKR’s senior advisers. His appointment is effective immediately, according to a statement from the investment business.
KKR India’s Partner and CEO, Gaurav Trehan, expressed excitement about the potential of learning from his “terrific insights” as the business continues to engage in India’s growth. Kamath most recently served as the inaugural President of the New Development Bank, a global development bank formed by the BRICS nations, from 2015 until 2020.
From 1971, Kamath started his career in ICICI’s Project Finance section. During his time at ICICI, he oversaw the launch of various new businesses and held a variety of general management responsibilities. In 1988, he moved to Manila to work for the Asian Development Bank. In 1996, he was named Managing Director and Chief Executive Officer of ICICI, which later amalgamated with ICICI Bank, and he returned to India.
Mr. Kamath was awarded the Padma Bhushan Award, India’s highest civilian accolade, in 2008. He has also served as President of the Confederation of Indian Business, a key industry organisation, and as a Co-Chair of the World Economic Forum’s Annual Meeting in Davos. Global and Indian media have hailed Mr. Kamath as one of India’s most illustrious business leaders. He holds an MBA from the Indian Institute of Management in Ahmedabad, as well as an engineering degree.