In an exchange filing, Kotak added that Iyer has 27 years of expertise in financial services across wealth advisory, strategy and product solutions spanning fixed income, real estate and alternatives.
Iyer was part of Kotak Group for about 20 years before she resigned.
Iyer has been recognised by the Asian Investor publication as one of Asia’s 25 most influential women in asset management. She holds an MBA degree in finance from Narsee Monjee Institute of Management Studies.
In April this year, Rajeev Jain, the CEO of Bajaj Finance, was appointed as an additional director of Bajaj Finserv.
Previously, on June 6, institutions, both domestic and foreign, queued up to buy shares of Bajaj Finance parent Bajaj Finserv Ltd. in its block deal.
The company reported a Q4 net profit of ₹2,416.6 crore, up 14.1% compared to ₹2,118.5 crore (YoY). The revenue also went up 14.2%, rising to ₹36,595.4 crore, against ₹32,040.8 crore in the last cycle.
The company’s shares are trading in red, down slightly, at ₹2,007.30 on the BSE.
(Edited by : Hormaz Fatakia)