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26 April, 2024 13:55 IST
Canara HSBC Oriental Bank of Commerce Life Insurance appoints Anuj Mathur as CEO
Source: IRIS | 10 Jun, 2015, 12.35PM
Rating: NAN / 5 stars.
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Canara HSBC Oriental Bank of Commerce Life Insurance Company, a joint venture between two of India's largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings announced the appointment of Anuj Mathur as the new Chief Executive Officer of the company. Mathur will take charge as the CEO on July 1, 2015, succeeding the current CEO, John Holden.

Under Holden's leadership the company reported its maiden profit in less than five years of commencing operations and the Board thanked John for his contribution. The company continues to pursue a pure bancassurance model and passing the benefits of its lean cost structure to the three banks' customers through highly competitive products backed up by strong customer service.

Anuj Mathur is a founding member of the company having joined in 2007 to lead Legal, Compliance & Risk, Corporate Governance, before taking over as the Chief Financial Officer in September 2009.  He has over 22 years of experience, out of which more than 14 years have been with the life insurance industry.  He is a fellow member of The Institute of Chartered Accountants of India, Institute of Company Secretaries of India, associate member of Institute of Cost Accountants of India and a Commerce graduate from Ram College of Commerce, Delhi University.

Shares of the bank gained Rs 1.35, or 0.46%, to trade at  Rs 294.40.  The total volume of shares traded  was  68,816 at the BSE (12.23 p.m., Wednesday).



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