Mr. G Murlidhar has been appointed as the Managing Director of Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance).
Mr. Murlidhar is one of the founder members of Kotak Life Insurance. He has served the company in various positions of high responsibility over the past decade and was the company’s Chief Operating Officer in his immediate prior assignment. It is largely due to his efforts that the company was able to establish a strong operational and service backbone dovetailing into a highly efficient distribution network. Mr. Murlidhar is a qualified Chartered Accountant, Company Secretary, and Cost and Works Accountant.
Speaking of his priorities in the new role, Mr. G Murlidhar said “I am committed to build on the strong business franchise and goodwill we have created over the last decade. We will work towards sustained value creation and efficient use of capital. Special emphasis will be placed on bettering the customer proposition and better cost management, factors which in the past have stood us in good stead”
Speaking on the appointment, Mr. Gaurang Shah, Group Head - Asset Management and Life Insurance at Kotak Mahindra Group said, “Mr. Murlidhar brings with him an unparalleled culture of innovation, excellence and discipline which are precisely the qualities required to succeed in the emerging new order. His strong business acumen and pulse on the future makes him best suited to steer the company to greater heights”
ABOUT KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE LTD
Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. A Company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them take important financial decisions at every stage in life and stay financially independent. The company covers over 3 million lives and is one of the fastest growing insurance companies in India. For further information on Kotak Mahindra Old Mutual Life Insurance, please visit www.kotaklifeinsurance.com
ABOUT KOTAK MAHINDRA GROUP
Kotak Mahindra is one of India's leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to car finance, to stock broking, to asset management, to life insurance, to investment banking, the group caters to the financial needs of individuals and corporates. The group has a net worth of Rs 10,060 cr. and has a distribution network through branches and franchisees across the country and offices in New York, San Francisco, London, Dubai, Mauritius and Singapore, servicing close to 8 million customer accounts. For further information on Kotak Mahindra Group, please visit www.kotak.com
ABOUT OLD MUTUAL
Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others. In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations. For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com