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As on: Oct 18, 2019 10:16 AM
Aditya Birla Sun Life Insurance CEO Pankaj Razdan resigns
24-Jun-19   09:28 Hrs IST

Aditya Birla Capital is seeing its first top-level exit after more than a decade. Pankaj Razdan, deputy chief executive officer at the financial services firm and also the head of Aditya Birla Sun Life Insurance, has resigned.

Kamlesh Rao, managing director of the retail arm of Kotak Securities, will take Razdan's place at the Aditya Birla Group's life insurance joint venture with Canada's Sun Life, said two people familiar with the matter.

The financial services industry veteran is said to be venturing into producing Indian films. Razdan has produced a Marathi film recently during his stint with Aditya Birla Group and, according to news reports, is a co-producer in an upcoming Hindi film.

Razdan took over as head of Aditya Birla Sun Life Insurance in 2013 while remaining deputy CEO of the financial services firm.