• Mr. Filip Coremans

    Non-Executive Director

    Mr. Filip Coremans

    Non-Executive Director

    Mr. Filip Coremans is a Non-Executive Director of our Board. He holds a Master of Business Administration Degree in International Business Finance, a Master’s Degree in Actuarial Sciences and a Bachelor’s Degree in Applied Economics, all from Catholic University of Leuven, Belgium. He has been active in the Insurance industry for over 25 years, his entire professional career.

    He joined ING Insurance Belgium in 1990 where he became Deputy Director overseeing the Save and Investment product lines both in Insurance and Banking. In 1998, he was appointed as Corporate Controller in KBC Insurance Belgium and joined Ageas by the end of 2002. At Ageas, Mr. Coremans held various senior management positions in Asian entities. He has been an Executive Director and CFO of Ageas operations in Malaysia till 2007, was the CFO of the IDBI Federal Life Insurance Company in India till 2009 and was then appointed Regional CFO/CRO of the Ageas Asia overseeing the finance, investment risk and actuarial domains for Asia region. He served as Non-Executive Director on the Boards of Ageas operations in China, India, Hong Kong and Thailand. Since July 2014, Mr. Coremans has been discharging his responsibilities as a member of the Group Executive Committee and as Chief Risk Officer. In line with the Chief Risk Officer responsibilities, Mr. Coremans is responsible for Compliance, Legal, Risk, Human Resources, IT and Office Support.

    As Non-Executive Director, he serves on the boards of Ageas B.V. (The Netherlands), IDBI Federal Life Insurance Co. Ltd (India), Mbcp Ageas Grupo Segurador SGPS S.A. (Portugal), Ocidental Vida (Portugal), Ocidental Seguros (Portugal), Medis (Portugal), Pensoesgere (Portugal), Ageas Portugal Holdings SGPS SA (Portugal), Taiping Life Insurance Company Ltd (China) and Ageas Insurance International NV (Netherlands).

  • Mr. Shyam Srinivasan

    Non-Executive Director

    Mr. Shyam Srinivasan

    Non-Executive Director

    Mr. Shyam Srinivasan is a Non-Executive Director of our Board. Mr. Srinivasan took charge as the Managing Director & CEO of the Federal Bank Limited in September 2010. He joined Federal Bank after having worked with leading multinational banks in India and overseas across the Middle East, India and South East Asia, where he has gained significant experience in retail lending, wealth management and SME banking.

    Before joining Federal Bank, Mr. Srinivasan was with Standard Chartered Bank, the largest foreign bank in India, where he was responsible for strategy, development and management of the Bank’s Consumer Banking Business spread across a large network of branches in India employing over 6,000 people. Prior to that, he was Country Head of Standard Chartered Bank’s Consumer franchise in Malaysia where he focussed on broad-basing the revenue streams and delivered significant increase in profitability while developing a strong team of local professionals. Mr. Srinivasan is an alumnus of the Indian Institute of Management, Kolkata and Regional Engineering College, Tiruchirapally.

    He has completed a Leadership Development Programme from the London Business School and has served on the Global Executive Forum (the top 100 executives) of Standard Chartered Bank from 2004 to 2010.

  • Mr. Gopalkrishna Annaji Tadas

    Non-Executive Director

    Mr. Gopalkrishna Annaji Tadas

    Non-Executive Director

    Mr. Gopalkrishna Annaji Tadas is a Non-Executive Director of our Board. Mr. Tadas, has to his credit the degrees of Bachelor of Arts (Gold Medalist), Master of Arts (Econometrics Gold Medalist), MBA in Finance and CAIIB. At present, he is the Executive Director (HR & Admin) at IDBI Bank Limited. He is also a Non-Executive Director of Small Industries Development Bank of India since August 2016. In his 25 years at IDBI Bank, he served in various depts viz. Corporate Banking Group, Project Appraisal, Risk Management, Corporate Strategy & Planning. Prior to IDBI Bank, he has served Government Bodies like Research & Information System for Non-aligned & Other Developing Countries (RIS), New Delhi and Fertilizer Association of India, New Delhi.

    He was MD and CEO of IDBI Gilts Ltd. from June 2009 to March 2011. He served as a Nominee Director of various companies like Gujarat Industries Power Co. Ltd, Kirloskar Ferrous Industries Ltd & GHCL Ltd. He was a member of various Committees set up by RBI/IBA/GOI like “Sectoral Committee on Indian Sugar Industry”, set up by IBA (2015); “Working Group on Reporting of OTC Derivatives”, set up by RBI (2010); “Action Committee for the Implementation of the Medium Term Export Strategy”, set up by Ministry of Commerce, Govt. of India (2002); “National Committee on Trade in Services”, set up by Ministry of Commerce, Government of India (2000/2001); “Trade in Services Committee” of the Indian Institute of Foreign Trade, New Delhi 1997/1998.

  • Mr. Philippe Latour

    Non-Executive Director

    Mr. Philippe Latour

    Non-Executive Director

    Mr. Philippe Latour is a Non-Executive Director of our Board. He holds Master Degree in Tax Management from Solvay Business School, Université Libre de Bruxelles and Business Engineering from Solvay Business School, Université Libre de Bruxelles.

    Mr. Latour joined Ageas (Fortis) in 1997 as a Financial Officer. Currently, he holds the position as Managing Director, Strategy and M&A, Asia, of Ageas Asia since September 2013.

     

  • Mr. Ashutosh Khajuria

    Non-Executive Director

    Mr. Ashutosh Khajuria

    Non-Executive Director

    Mr. Ashutosh Khajuria is a Non-Executive Director of our Board. He has been appointed as Executive Director and CFO of the Federal Bank. He is a Graduate in Science and Law and also a Post Graduate in Economics. He has been working as President – Treasury in Federal Bank since 2011. He has over thirty years of banking experience, having worked in SBI, IDBI Bank Ltd., and had handled forex business, international banking, corporate credit, etc.

    He is an expert in treasury operations and has featured regularly in various television channel discussions and is also a regular invitee as a panellist on various topics at Industry level conferences.

  • Mr. Mahadev Narendra Rao

    Independent (Non-Executive) Director

    Mr. Mahadev Narendra Rao

    Independent (Non-Executive) Director

    Mr. Mahadev Narendra Rao is an Independent (Non-Executive) Director of our Board. Mr. Rao was the Managing Director and Chief Executive Officer of the SBI Life Insurance Co. Ltd. from August 1, 2009 to August 31, 2012. He has 40 years of experience in the financial sectors viz. Banking, Investments, Mutual Funds, Life Insurance and General Insurance.

    He joined the State Bank of India (SBI) as Probationary Officer in 1974 and retired as Deputy Managing Director in August 2012. Prior to this, he was the Chief General Manager of SBI, Bhubaneswar Circle from May 2006 to April 2009 (Head of SBI’s operations in the state of Odisha) and General Manager, Associates & Subsidiaries, SBI, Corporate Centre from December 2000 to 2006. Apart from this, he was on the Board of various Committees of the various subsidiaries of the State Bank of India.

  • Mr. Jayaraman Balasubramanian

    Independent (Non-Executive) Director

    Mr. Jayaraman Balasubramanian

    Independent (Non-Executive) Director

    Mr. Jayaraman Balasubramanian is an Independent (Non-Executive) Director of our Board. He is a Chartered Accountant, Management and Tax Consultant since 1990. He is a senior partner in JB & Co. He had served Dena Bank as an Independent Director nominated by the Central Government. He is the auditor of ISO 9001:2000,Surveyor and Loss Assessor and Member of the erstwhile ICAI Committee on Insurance.

    His firm has been appointed as Statutory Auditors of various eminent Corporates in India. His firm was associated with Central Bank of India, Bank of Mudra Ltd., State Bank of India, Andhra Bank and IDBI Bank in different capacities. Mr. Balasubramanian was the Finance and Accounts Manager of Standard Medical and Pharmaceuticals Ltd. for 2 years. He was the Vice President of South Indian Cultural Association and Managing Trustee of Savithri Foundation and JB Cultural Foundation.

  • Mrs. Bhagyam Ramani

    Independent (Non-Executive) Director

    Mrs. Bhagyam Ramani

    Independent (Non-Executive) Director

    Mrs. Bhagyam Ramani is an Independent (Non-Executive) Director of our Board. She is a Post Graduate in Economics (Honours) from Bombay University with specialisation in Industrial and Monetary Economics. Presently, she is a visiting faculty at the National Insurance Academy, Pune.

    She was the General Manager of the Investment Department and was on the Board of General Insurance Corporation of India (GIC-Re). She started off as a Direct Recruit Officer in 1976 and has worked and excelled in various departments. She became the General Manager in 2005, and thereafter Director on the Board of GIC-Re in 2009 and took retirement in January 2012.

    During her term of service, she has served on various committees like being a Trustee on the PF Committee of the Tariff Advisory Board, Member on Education Board of Insurance Institute of India, working group on Investment Committee of IRDAI, Investment Committee of Agricultural Insurance Company Ltd. and GIC-Re and Audit Committee of L&T, NSE, IDBI Trusteeship Ltd., and Agricultural Insurance Company Ltd., etc. She represented GIC-Re on the boards of Larsen & Toubro Ltd., National Stock Exchange of India, IDBI Trusteeship Ltd., Milestone Capital Advisors Ltd. and Agricultural Insurance Company Ltd.

  • Mr. Vighnesh Shahane

    Chief Executive Officer & Whole-Time Director

    Mr. Vighnesh Shahane

    Chief Executive Officer & Whole-Time Director

    Mr. Vighnesh Shahane is the Chief Executive Officer & Whole-Time Director of our Board. He joined IDBI Federal Life Insurance in April 2011 as President, Bancassurance. He was responsible for the Company’s growing Bancassurance, Group & Alliances operations. In January 2014, he was elevated to the post of Chief Executive Officer & Whole-Time Director and is also a member of the Company’s Board of Directors. In his career spanning over 20 years, Vighnesh has worked with leading financial services organisations across different geographies. He is a post-graduate from Narsee Monjee Institute of Management Studies, Mumbai and has also represented Mumbai in the prestigious Ranji Trophy.

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