V Vaidyanathan appointed ICICI Prudential Life’s new MD and CEO

Mumbai: ICICI Prudential Life has appointed V Vaidyanathan as managing director and CEO, replacing Shikha Sharma who has taken over as MD and CEO of Axis Bank.

Vaidyanathan was earlier an executive director with ICICI Bank and was also the chairman of ICICI Home Finance Company. He has served on the boards of ICICI Lombard General Insurance, and CIBIL, India's first credit bureau.

Since joining the ICICI Group in the year 2000, he has built a strong retail banking business which includes 1400 ICICI bank branches in 800 cities, 25 million customers, $30 billion in assets, a strong liability base, and a team of 26,000 employees.

His contribution has been well recognised in the ICICI Group and won him many awards in the banking industry. Vaidyanathan is an alumnus of Birla Institute of Technology and Harvard Business School, AMP.

About ICICI Prudential Life Insurance ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc. It was one of the first players to commence operations when the insurance industry was opened to the private sector in 2000.