HDFC Life, one of India's leading life insurers, at its board meeting held today, announced that it would elevate Suresh Badami to the role of Deputy Managing Director. The appointment, effective today, has been approved by HDFC Life's NRC and the Board of Directors, and the said appointment is subject to approval of Shareholders and Regulators, as applicable.
Suresh has a rich and diverse experience of 27+ years in sales and business, across varied industries, including 18+years in Banking and Financial services. He has been associated with HDFC Life since October 2013 and has led multiple strategic initiatives within HDFC Life and its subsidiaries. He closely supervised the Exide Life merger within HDFC Life. He continues to play an active role in helping grow the wholly-owned subsidiary, HDFC International Life and Re Company Limited, in Dubai and is a member of their Board of Directors.
Commenting on the development, Vibha Padalkar, MD & CEO of HDFC Life, said, "I am pleased to announce the elevation of Suresh from Executive Director & Chief Distribution Officer to the role of the Deputy Managing Director. Suresh will continue to lead our focus on profitable growth and expansion, while steering the business and ensuring smooth transition of Exide Life's merger with HDFC Life. The company will continue to focus on reducing the protection gap in the country while helping build a more robust, profitable and customer centric organisation."