Exclusive advisor to Kotak Investment Advisors’ special situation fund

Kotak Investment Advisors Ltd (KIAL), on Friday, announced that Rajnish Kumar, former Chairman of State Bank of India, would be exclusive advisor for its $1-billion Special Situation Fund.

Kumar retired from SBI in October last year.

KIAL is a wholly-owned subsidiary of Kotak Mahindra Bank and focusses on the alternate assets business of the group.