Aviva Life Insurance has appointed TR Ramachandran as the CEO of its Indian operations and approached the Insurance Regulatory and Development Authority of India for necessary approvals.
Mr Ramachandran will succeed Bert Paterson, who has led Aviva India since September 2006.
Mr Ramachandran was with Citibank for the last 19 years where he held different roles in credit cards, assets, commercial and retail banking. In his last role, he was head of retail banking where he was responsible for the entire retail bank, including wealth management, branch banking, investments and insurance, consumer assets and the NRI business.
Simon Machell, Aviva Life Insurance’s CEO for Asia Pacific, said: Bert has contributed to the success of the group in various countries including Turkey, Czech Republic, Romania, Hungary and most recently India. After 22 years with Aviva, Bert has now decided to pursue interests outside the Aviva group and we wish him all the very best in his future endeavors. We welcome TR Ramachandran as the CEO of the Aviva India operations.