ICICI Pru Life to strengthen top brass with personnel from the Bank
Mumbai, Oct 24 (UNI) The Board of ICICI Prudential Life Insurance Company (ICICI Pru Life) has decided to recommend the appointment of Bhargav Dasgupta, Senior Geneneral Manager at ICICI Bank as an Executive Director of ICICI Pru Life, subject to necessary approvals.
Announcing this, ICICI Pru Life's release issued here today said the group's life insurance business in joint venture partnership with Prudential plc, has assumed increasing importance and criticality over the years, and accounts for a significant portion of the group's revenues and capital deployment.
In order to further strengthen the top management of this business in line with its growing scale, the joint venture partners have decided to recommend to ICICI Pru Life's board of directors the appointment of Mr Dasgupta, who is currently the Senior General Manager at ICICI Bank.
Given the growth of the ICICI group and its presence across the spectrum of financial services, a new management grade is being created in the group for certain critical functions that need to be viewed on a group-wide basis to ensure alignment of philosophy and policies, and derive benefits from the synergies between different businesses, while maintaining appropriate arms' length relationships and ensuring regulatory compliance.
Accordingly, the following Senior General Managers of ICICI Bank are being promoted to this grade. Ms Madhabi Puri-Buch, who is responsible for Operations on a Bank-wide basis as well as certain key corporate functions, will also be the Group Corporate Brand Officer.
Vishakha Mulye will be the Group Chief Financial Officer, while K Ramkumar will be the Group Chief Human Resources Officer and Pravir Vohra will be the Group Chief Technology Officer.
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