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Management Team

CEO & Managing Director,
Max New York Life Insurance
Chief Operating Officer
Max New York Life Insurance
Sr. Director and Chief Financial Officer
Max New York Life Insurance
Chief Actuary
Max New York Life Insurance
Executive Vice President- Strategic Planning and Business Development
Max New York Life Insurance
Mr. Rajesh Sud
CEO & Managing Director,
Max New York Life Insurance

Rajesh Sud was appointed CEO and Managing Director with effect from November 1, 2008 of Max New York Life Insurance, the first Indo – American joint venture business to start operations in 2001 when the insurance sector was opened to private participation. A founder team member, Rajesh was amongst the first few management team members to join Max New York Life Insurance.

He leads the company towards achieving its vision of being the most admired life insurance company in the country.

Prior to this, Rajesh was responsible for establishing a multi channel distribution network for the individual life business. Rajesh has successfully established Agency as the core channel for the company with strong focus on process, training and productivity. These strong foundations have allowed Max New York Life Insurance to rapidly grow to pan India presence with a professional and trained sales force, which is widely regarded as the best in the industry.

Apart from his distribution role, Rajesh has also worked on many cross-functional projects and Played a key role in defining Max New York Life’s business strategy and growth plans.

Prior to joining Max New York Life Insurance, Rajesh was the Head of Asset Finance business at the largest foreign bank in India, ANZ Grindlays Bank and was seconded as the CEO and MD of the Bank's subsidiary finance company, Esanda Finance and Leasing Ltd. Rajesh started his career with Bank of America and held various positions of increasing responsibility. Rajesh was part of the transition team that managed the successful sale of Bank Of America’s consumer banking business to ABN Amro Bank and served as the Head of Consumer Banking Sales.

Rajesh completed his Advanced Management Program from Wharton Business School, University of Pennsylvania, Philadelphia, USA. He also has a Management post graduation degree in Marketing and Finance from Faculty of Management Studies, Delhi University.

Mr. Rajit Mehta
Chief Operating Officer,
Max New York Life Insurance

Rajit Mehta was appointed Chief Operating Officer with effect from November 1, 2008 at Max New York Life Insurance Company. Rajit is a founder team member of the Max New York Life team and has seen the company through its formative years and in dealing with the challenge of recruiting the best talent available in the marketplace and building team spirit among people from diverse backgrounds in his role as head of HR function. He is responsible for managing the operations, customer service, and Information Technology.

Rajit has made significant contributions in setting up and growing Max New York Life. Besides establishing robust Human Resources practices, he has played an important role in strategic interventions in the area of Sales, Operations and Customer Services. Today Max New York Life has well over 16,500 employees across all parts of the country. Under his able leadership the HR function has gained respect and credibility internally, in the market place and with our shareholders. His efforts were recently recognized when Max New York Life Insurance was ranked 7th in BT-Mercer-TNS Best Companies to Work For survey.

Rajit has been instrumental in conceptualizing and setting up Max Vijay, an innovative business model to service underserved market and provide solutions for their protection and wealth creation needs.

Prior to joining MNYL, Rajit was Director - Personnel at Bank of America. One of his key achievements was to help set up the bank's Retail Banking Division and facilitate Management Development Training for Asia and Australia. Rajit effectively managed two of the most successful Exit Programs in the banking industry including the sale of Retail Operations to ABN AMRO bank. He has successfully led Bank of America's strategy to outsource its entire Personnel & Administration functions. Rajit has also worked with HCL-Hewlett Packard.

Mr. Anil Mehta
Sr. Director, New Business SBU
Max New York Life Insurance

Anil Mehta is the in-charge of new business initiative, Max Vijay. He has been involved in the development of concept and its implementation right from the beginning. Before the launch of Max Vijay, Anil Mehta also headed the the company’s sales efforts to large corporate houses. He earlier led the company’s Product Management team through coordination across all functions and transfer of best practices from New York Life. Prior to his appointment at MNYL, Anil was regional Head of Credit, Personal Finance Services, Middle East and South Asia at ANZ Grindlays Bank. He has been responsible for Risk Management and Product Development Support for Personal Financial Services. Anil has also worked as Director Risk Management, Personal Financial Services at American Express Bank Limited. He also worked at Bank of America in the Consumer Credit and Operations.

Mr. Sunil Kakar
Sr. Director and Chief Financial Officer
Max New York Life Insurance

Sunil Kakar is in charge of finance, accounts and investment management. Prior to Max New York Life, Sunil has 20 years of diversified banking experience with Bank of America in areas of Financial Control, Branch Administration, Operations, Risk Management and Treasury. Sunil was the Vice President (CFO-India), Bank of America and was responsible for strategic planning, asset management liability, annual budgeting, Accounting and Taxation, Regulatory Reporting and MIS. He was also Director on Board of companies where Bank of America was a shareholder. He monitored risk management systems and introduced new treasury products like currency options.

Mr. Ajay Seth
Sr. Director, Legal & Compliance
Max New York Life Insurance

Ajay Seth joined the company in April 2003 and in a short period of time he has helped evolve the company’s legal and compliance strategy, striking a balance between business objectives and statutory and regulatory requirements.

Ajay was earlier with Madura Coats Limited in Bangalore. He has also worked with Unilever Group in Mumbai, Silicon Valley Technology and Max India Limited. Ajay is a Graduate in Law & an Associate Member of the Institute of Company Secretaries of India and Institute of Cost & Works Accountants of India. He has over 15 years of experience which includes exposure to all legal matters in connection with tax, excise, risk management, structuring of partnerships, business alliances, foreign exchange and foreign investment, and litigation related to contract, property, civil, competition, labour and corporate laws.

Mr. John Poole
Chief Actuary
Max New York Life Insurance

John Poole is the Chief Actuary at Max New York Life Insurance and is also the Appointed Actuary for the Company in terms of Indian insurance Regulations.

John joined Max New York Life in early 2005 following an 18th month sabbatical at his home town in Cairns, Far North Queensland, during which time he was studying at James Cook University and working on a contract basis for Sydney based Citicorp Life – the reinsurer for all Citibank generated business in Asia.

Prior to that John’s career was spent mainly with the AMP – Australia’s largest life insurer. He held a number of actuarial and finance positions in AMP including CFO and Actuary for the largest of AMP’s Australian business units.

Following AMP’s demutualization in 1998, John headed a project that restated AMP’s financial statements under US GAAP as a prelude to a possible listing in New York. After that he became Finance Director for AMP’s Asian operations during which time he spent many months working closely with China Pacific – the 3rd largest life insurer in the People’s Republic of China and was involved with start-up operations in Japan and India.

John attended London University and then qualified as a Fellow of the Institute of Actuaries (UK) before moving to Sydney in 1974. He is also a Fellow of the Australian and Indian actuarial bodies and a Fellow of the Australian Institute of Company Directors.

Mr. Prashant Tripathy
Executive Vice President- Strategic Planning and Business Development
Max New York Life Insurance

Prashant looks after the strategic initiatives of the company and works closely with cross functional teams for business development. He works closely with other members of the Management Team in an effort to continue to develop long-term strategy and initiatives to place Max New York Life at the forefront of the Life Insurance industry in India. His role is to identify and develop new opportunities, initiatives and assist in the support of new and existing external relationships. He also supports the market intelligence initiatives and assists in all areas of Max New York Life's future growth. Prashant joined Max New York Life in February 2007.

Prashant holds a Bachelors in Technology from IIT Kharagpur and has completed his Post Graduate Diploma in Management from IIM Bangalore. He has over 12 years of work experience, which includes exposure to business planning, project management and finance function. Prashant was prevoiusly with Genpact formerly known as GE Capital International Services. During his 8 year long stint in Genpact (India and UK), Prashant was involved in managing projects, operations and client relationships. Prashant’s last role was Vice President and Global Operating Leader for Finance & Accounting Clients. Prior to this Prashant worked with Tata Steel, Jamshedpur where he was involved in managing a plant operation.

 

 
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