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Canara HSBC Oriental Bank of Commerce Life Insurance appoints new CEO

Canara HSBC Oriental Bank of Commerce Life Insurance has appointed John Holden as the new CEO succeeding Harpal Karlcut, who moved back to HSBC Insurance on an overseas assignment.

Holden worked with HSBC for over 26 years in banking, marketing and insurance, spending the majority of his career in the group’s life, pensions and investment businesses, supporting retail, commercial and private banking propositions.

He has also spent the last 13 years in Korea, Taiwan, Malaysia, and the Middle East and has played a key role in creating successful bancassurance distribution partnerships.

Prior to joining Canara HSBC Oriental Bank of Commerce Life Insurance, Holden was deputy president and chief operating officer of Hana HSBC Life Insurance; a joint-venture between Hana Financial Holdings and HSBC Insurance.

Canara HSBC Oriental Bank of Commerce Life Insurance and Canara Bank chairman & managing director Sunder Rajan Raman said that we are confident that John with his deep understanding of the life insurance sector and experience will provide appropriate leadership to the company build on its growth trajectory and make valuable contribution in taking it to greater heights.

Canara HSBC Oriental Bank of Commerce Life Insurance is joint venture between India-based Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings.