Key Points of Anup Bagchi Appointment as the CEO of ICICI Prudential:
- Anup Bagchi has been appointed as the MD and CEO of ICICI Prudential Life Insurance for a period of five years.
- He will take over the role from NS Kannan, who is set to retire on June 18, 2023.
- Bagchi’s appointment will be effective from June 19, 2023.
- To ensure a smooth transition, Bagchi has been appointed as the Executive Director & Chief Operating Officer of ICICI Prudential Life Insurance with effect from May 1, 2023.
- Bagchi has extensive experience in retail banking, corporate banking, treasury, investment banking, small scale industry, payment and settlement systems.
- Bagchi has a management degree from the Indian Institute of Management, Bangalore, and an engineering degree from the Indian Institute of Technology, Kanpur.
- Bagchi has served on various committees such as RBI’s Expert Committee on ‘Micro, Small and Medium Enterprises’, SEBI’s Committee on ‘Financial and Regulatory Technologies’ (CFRT), Executive Committee of National Securities Depository Ltd (NSDL), and Advisory Committee of BSE.
Details of Anup Bagchi Appointment as the CEO of ICICI Prudential:
ICICI Bank Executive Director Anup Bagchi Named as MD and CEO of ICICI Prudential Life Insurance
Anup Bagchi, presently the Executive Director of ICICI Bank and non-executive director of ICICI Prudential Life Insurance, has been appointed as the MD and CEO of ICICI Prudential Life Insurance for a period of five years. Bagchi will take over the role from NS Kannan, who is set to retire on June 18, 2023, upon the completion of his tenure. The appointment will be effective from June 19, 2023.
To ensure a smooth transition, Bagchi has been appointed as the Executive Director & Chief Operating Officer of ICICI Prudential Life Insurance with effect from May 1, 2023. Bagchi has been associated with the ICICI Group since 1992 and has extensive experience in retail banking, corporate banking, treasury, investment banking, small scale industry, payment and settlement systems.
Bagchi has a management degree from the Indian Institute of Management, Bangalore, and an engineering degree from the Indian Institute of Technology, Kanpur.
He has also served on various committees such as RBI’s Expert Committee on ‘Micro, Small and Medium Enterprises’, SEBI’s Committee on ‘Financial and Regulatory Technologies’ (CFRT), Executive Committee of National Securities Depository Ltd (NSDL), and Advisory Committee of BSE. Bagchi was also the Co-Chairman of FICCI’s Capital Markets Committee and a member of SEBI’s Secondary Markets Advisory Committee (SMAC), Fair Market Conduct Committee, Committee on Financial and Regulatory Technologies, and Risk Management Review Committee.
Bagchi’s appointment as the MD and CEO of ICICI Prudential Life Insurance is expected to further strengthen the company’s position in the life insurance sector.
About ICICI Prudential:
ICICI Prudential, located in India, operates as a life insurance company. It was founded as a collaborative effort between ICICI Bank Limited and Prudential Corporation Holdings Limited and offers life insurance and asset management services. The company made history in 2016 as the first insurance company in India to be publicly traded on domestic stock exchanges.
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