Life insurance major Aviva India has announced to onboard Asit Rath as next company Chief Executive Officer and Managing Director. According to the company, Rath will take up his role on July 11 and succeed Amit Malik who is leaving the business after 10 years.
Rath comes with 22 years of banking and insurance experience in India and Myanmar, and has strong distribution experience with ICICI Bank and ICICI Prudential Life in India, as per a statement.
Randy Lianggara, Regional CEO – Asia, Aviva India, said, “I am delighted to welcome Asit to Aviva. He has a proven track record in transforming and innovating businesses and will be well suited to lead Aviva India through the next phase of our transformation journey.”
Lianggara added, “I would also like to thank Amit for his dedication to our business in India over the years and wish him all the best for future endeavours.”
Speaking on his appointment Asit Rath, CEO and MD, Aviva India, said, “I am delighted to have the opportunity to join Aviva at a point where the insurance industry, as well as our business in India, is all set to take the next stride forward. I look forward to working closely to chart a high growth path, unlocking the true potential of our team and the market.”
Rath is currently the CEO of Prudential Myanmar Life Insurance.