Pankaj Razdan to be CEO and MD of Birla Sun Life Insurance

Industry sources say his name has been sent to Irda for approval

Pankaj Razdan, the deputy chief executive of Aditya Birla Financial Services Group (ABFSG), is tipped to be the next CEO and MD of Birla SunLife Insurance, ABFSG's life insurance arm.

According to industry sources, his name has been sent to the Insurance Regulatory and Development Authority (Irda) for approval.

Razdan has been with the ABFSG since 2007 as the Deputy Chief Executive – Financial Services. He will continue to hold this position even after taking over the helm of the insurance business.

Razdan has driven many key projects successfully. These include the asset management business, offshore asset management, portfolio management services, real estate private equity, wealth management and distribution.

He has been in the financial services industry for close to 20 years, across various functions and multiple lines of business. He was the managing director of ICICI Prudential before joining the Aditya Birla Group.