Padalkar steps in as HDFC Standard Life CEOSeptember 14 2018 by InsuranceAsia News Staff
Vibha Padalkar will become the new chief executive of HDFC Standard Life Insurance for a term of three years.
The appointment was announced by the company in a recent statement and took effect starting Wednesday.
Before her promotion, Padalkar was chief financial officer of the firm.
The move comes after Amitabh Chaudhry resigned as the chief of HDFC Standard Life Insurance to join Axis Bank as CEO.
Padalkar will now steer the largest private sector life insurer in the country in terms of new business premium collection.
Her appointment was decided during a meeting of the board of directors of the life insurer, based on the recommendation of the nomination and remuneration committee.
In a regulatory filing, the company said the terms of appointment are still subject to approval by shareholders and the Insurance Regulatory and Development Authority of India.
- March 20
Dylan Bryant to leave the insurer and join Aon Hong Kong.
- March 20
Christian Sandric will exit Japan to take the lead in the Lion City.
- March 15
See See Ooi to succeed Vincent Sussfeld as Asia chief executive.
- March 13
The broking giant has decided upon its senior management across the region.