Lakshmi Iyer, a veteran fund manager at Kotak Mahindra Group, has quit after over twenty years at the firm to join Bajaj Finserv, a report stated. Iyer was the CEO of investments and strategy at Kotak Alternate Asset Managers. Bajaj Finserv, controlled by Sanjiv Bajaj, is a financial conglomerate primarily involved in retail credit, such as consumer loans.