UBS Warburg loses Sondhi to Kotak Mahindra

After over four years at the helm, UBS Warburg's country head for India, Ajay Sondhi, is joining Kotak Mahindra as group president - institutions and, vice chairman and managing director of Kotak Mahindra Capital, the joint venture with Goldman Sachs in which the latter has a 25% stake.Commenting on the appointment Richard Gnodde, president, Goldman Sachs (Asia) says, "I'm delighted that a banker of Ajay's proven capabilities has joined our joint venture. Our partner, Kotak Mahindra, …