21 October 2013
NEW DELHI: US-based insurance major Metlife today announced the appointment of Tarun Chugh as the Managing Director of its Indian JV partner, PNB Metlife.
Together with the board of its Indian JV partner, PNB Metlife, the company today announced the appointment of Tarun Chugh, who will oversee all of Metlife's business and operations in India, the company said in a statement.
Chugh, formerly with ICICI Prudential Life Insurance will start with Metlife as soon as he has fulfilled his obligations towards his current employer and his appointment is subject to regulatory approval, it said.
In addition, Metlife announced that Rajesh Relan will be appointed as the head of bank distribution for Asia region. He will be responsible for overseeing Metlife's engagement with bank partners in Asia, assisting its local teams in building sales and strengthening business partnerships.
Commenting on the appointments, MetLife president (Asia), Christopher Townsend said: "These two key appointments will help spearhead the next phase of growth for MetLife in Asia and advance our quest to deliver greater shareholder returns."
Published by: The Economic Times