IndiaFirst Life Insurance, a Mumbai-based Indian life insurance company, announced that it has promoted Sunder Natarajan as its Chief Compliance & Risk Officer, according to ET report. Prior to this role, Natarajan served as Vice President and Head of Risk Management at the company.
In his new role, Sunder Natarajan will lead Compliance, Risk Management, Legal & Internal Audit at IndiaFirst Life. He will be responsible for embedding the risk management framework across the business. He will also look at further strengthening good corporate governance in the organisation, according to a statement.
Commenting on the appointment, R M Vishakha, MD & CEO, IndiaFirst Life Insurance, said, “As a senior member of the IndiaFirst Life team, Sunder has significantly contributed to the organisation’s commitment towards continuous development. I am confident he will continue to excel as he takes on additional responsibilities within the business.”
Sunder Natarajan has 25 years of experience in the insurance industry. In his five-year long association with IndiaFirst Life Insurance, Natarajan has led the Bancassurance distribution strategy for the company and helped build an integrated Bancassurance model with the partner banks. He is on the Strategic Advisory Board of the Institute of Risk Management India Affiliate. He is also Deputy Chair at IRM India Regional Group.
Natarajan holds a Bachelor of Commerce degree from the University of Madras and a Post Graduate Diploma in Business Administration from Narsee Monjee Institute of Management Studies, Mumbai. He completed an Accelerated Leadership Programme from Indian Institute of Management, Ahmedabad and is a Certified Member of the Institute of Risk Management, London.
IndiaFirst Life’s footprint extends to over 1000 cities and towns pan-India, through over 12,000 points of sale. The company has a paid-up share capital of Rs 663 crores. It is promoted by two of India’s largest public-sector banks — Bank of Baroda and Union Bank of India, which hold 44% and 30% stakes in the company, respectively. Carmel Point Investments India holds 26% stake in IndiaFirst Life.
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