Kotak Mahindra Bank on Saturday announced the appointment of Ashu Suyash as an independent director on its board. Her appointment is for a period of five years, effective January 24, subject to the approval of its shareholders.

Suyash was the managing director and CEO of Crisil. Prior to joining the rating agency, she was the CEO of L&T Investment Management Ltd and L&T Capital Markets. She started her career with Citibank India and during her more than 15-year tenure, held several key positions across Citibank’s corporate and investment banking divisions and its non-banking subsidiaries.

She is an independent director on the board of Hindustan Unilever Ltd (HUL), a member of the governing board of the National Institute of Securities Markets and serves on the advisory committee on corporate insolvency and liquidation of the Insolvency and Bankruptcy Board of India (IBBI).

“We are delighted to welcome Suyash to the bank’s board of directors,” said Prakash Apte, non-executive independent chairman on the bank’s board.