 "IDBI Federal Life Insurance appoints M Balakrishnan as CFO, Prabhu as CIO")
Private life insurer IDBI Federal Life Insurance on Wednesday announced the appointment of Mathivanan Balakrishnan as its Chief Financial Officer (CFO).
Besides, the company also announced elevation of S P Prabhu as its Chief Investment Officer (CIO).
Prabhu, who was earlier head of fixed income, will now oversee the management of the company's investment portfolio of Rs 10,000 crore, spread across various asset classes, IDBI Federal Life Insurance said in a statement.
As CFO, Balakrishnan will oversee the areas of planning and budgeting, financial accounting & reporting, corporate taxation, investment operations, insurance accounting, audit and statutory compliance.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app