• 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 the Asian entities. He has been Executive Director and CFO of Ageas operations in Malaysia till 2007, was the CFO of IDBI Federal Life Insurance in India till 2009 and was then appointed as Regional CFO/CRO of 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.

    With effect from 1st July 2014, Mr. Coremans joined the Group Executive Committee as Chief Risk Officer and Executive Director of Ageas SA NV, with responsibility for Compliance, Legal, Risk, Human Resources, IT and Office Support. Furthermore, he also serves as Director on the boards of Ageas BV and Ageas Insurance International NV.

    As Non-Executive Director, he serves on the boards of Royal Sundaram General Insurance Co. Ltd. (India), Mbcp Ageas Grupo Segurador SGPS S.A. (Portugal), Ocidental Vida (Portugal), Ocidental Seguros (Portugal), Médis (Portugal), Pensoesgere (Portugal), Ageas Portugal Companhia de Seguros de Vida SA, Ageas Portugal Companhia de Seguros SA, Ageas Portugal Holdings SGPS SA (Portugal) and Stichting Forsettlement (The 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 from September 23, 2010. Under the stewardship of Mr. Shyam Srinivasan, Federal Bank has been aggressively pursuing quality growth. The steady growth registered by the Bank under Mr. Shyam Srinivasan’s leadership has found reflection in the bourses as well. He played a major role in kick-starting the Digital Journey of Federal Bank and launched many first-of-its-kind digital offerings to the Indian Banking space. Presently, Federal Bank, a proven leader in the Non-Resident Indian segment, clearly dominates in terms of remittances from across the world as over 15% of all the overseas remittances to India come through the Bank. With both foresight and fortitude, Mr. Shyam Srinivasan has led Federal Bank to new horizons of growth and success, placing the Bank prominently on the national banking map itself.

    An alumnus of the Indian Institute of Management, Kolkata and Regional Engineering College, Tiruchirappalli, Mr. Shyam Srinivasan completed a Leadership Development Program from the London Business School before he found his true calling in the world of banking. Prior to joining Federal Bank, Mr. Shyam Srinivasan had worked with leading multinational banks in India and overseas across Middle East, India and South-East Asia.

    A recipient of the Distinguished Alumnus Award from NIT, Trichy, and the Indian Institute of Management, Kolkata, he is a speaker of stature in banking circles, media as well as the Country. Mr. Shyam Srinivasan holds many prominent positions in the industry including the Deputy Chairmanship of IBA, Chairmanship of IBA Committee on Member Private Sector Banks and Retail Banking, Member of the Board of Governors, Development and Innovation Council of Kerala (K-DISC), etc. He is also an honorary fellow and governing council member of Indian Institute of Banking and Finance. He is a great believer in technology and an avid follower of sports, especially Cricket.

  • 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 a Master’s Degree in in Business Engineering and a Master’s in Tax Management from Solvay Business School, Université Libre de Bruxelles.

    Mr. Latour joined Ageas (Fortis) in 1997 as a Financial Officer. Since July 2014, he has been holding the position of Chief Financial Officer for Ageas Asia, after a year as Managing Director, Strategy and M&A, Asia.

  • Mr. Ashutosh Khajuria

    Non-Executive Director

    Mr. Ashutosh Khajuria

    Non-Executive Director

    Mr. Ashutosh Khajuria is a Non-Executive Director of our Board. He is a Graduate in Science and Law and also a Post Graduate in Economics. He joined Federal Bank as President – Treasury in 2011 and has been elevated to the board position as Executive Director and CFO since January 2016. He has over thirty-nine years of banking experience, having worked in SBI, IDBI Bank Ltd., and has handled forex business, international banking, corporate credit, etc. He is an expert in treasury operations and has featured regularly in various print and electronic media discussions. He is also a regular invitee as a panelist on various banking-related topics at industry-level conferences.

  • Mr. Mahadev Nagendra Rao

    Independent (Non-Executive) Director

    Mr. Mahadev Nagendra Rao

    Independent (Non-Executive) Director

    Mr. Mahadev Nagendra 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 38 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 has a rich experience as member of the Board of eight banking subsidiaries of the State Bank of India from January 2001 to March 2006.

  • 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 specialization in Industrial and Monetary Economics. She was the General Manager of 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 the 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.

  • Ms. Monaz Noble

    Independent (Non-Executive) Director

    Ms. Monaz Noble

    Independent (Non-Executive) Director

    Monaz Noble is the CFO – Novartis Global Service Centre, Hyderabad & Novartis Business Services India effective 1st June, 2019. She is also the Non-Executive Director of Novartis India Limited.

    Monaz joined Novartis in 2010, and has progressed through roles of increasing responsibility in Country Organization. In her last role as Whole Time Director & CFO of Novartis India Limited she was responsible for providing Board/Audit Committee with financial and corporate governance, investor relations, and compliances with Companies Act, Listing Agreement etc. At the overall country level responsible for funding strategy, Risk Management and Statutory Audited Accounts.

    She started her career with Godrej Soaps Limited as management trainee where she worked in different capacities and handled functions such as corporate planning, supply chain finance, statutory accounts, secretarial, supporting finance and business strategies across the group companies. She then joined Cadbury India Limited where she was the Company Secretary and also held various responsibilities in the area of tax, treasury, and value based management strategy, integrated portfolio management, board governance, investor relations, planning and international business development. Throughout her career she has led various mergers & acquisitions and legal entity structuring assignments which has given her rich experience on the perspectives of regulators, management, and investors.

    Monaz holds the Bachelor of Commerce Degree and Master of Management Studies with specialization in Finance from Mumbai University, India. She is also an Associate Member of The Institute of Company Secretaries of India and The Institute of Cost Accountants of India.

    She is passionate about mentoring and diversity at workplace. She is an avid animal lover and her hobbies include sailing, squash and traveling.

  • Mr. Vighnesh Shahane

    Managing Director and Chief Executive Officer

    Mr. Vighnesh Shahane

    Managing Director and Chief Executive Officer

    Mr. Vighnesh Shahane is the Managing Director and Chief Executive Officer of our Board. After a successful stint as President – Bancassurance, Vighnesh assumed leadership of IDBI Federal Life Insurance as CEO in 2014. During this period, he has been instrumental in setting clear goals for the organisation and driving performance towards their attainment. Under his leadership, the Company has attained numerous milestones and awards, notably the recording of seven consecutive years of net profit, wiping out of all accumulated losses, declaring maiden dividend and being recognised as one of the Top 10 Most Trusted Life Insurance Brands in the country by ET Brand equity. The Company also recorded a topline CAGR of 21% during the last 6 years till March 2019. A post-graduate from Narsee Monjee Institute of Management Studies, Mumbai, Vighnesh brings with him close to 25 years of experience in consumer banking and life insurance, across diverse geographies, varied markets and multiple customer segments.

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