India's ICICI Life Insurance appoints ICICI bank veteran Sidharatha Mishra as MD, CEO

By Reuters News

Oct 2 (Reuters) - India's ICICI Life Insurance Company ICIR.NS on Friday appointed ICICI Bank ICBK.NS veteran Sidharatha Mishra as managing director and CEO for a five-year term, effective October 14.

Anup Bagchi, the company's current CEO, has resigned with effect from October 13, the company added.

Mishra, who has worked with ICICI Bank for more than 26 years, currently heads the lender's digital channels and partnerships, voice channel, customer services, non-resident Indian and international financial institutions groups.

HDFC Bank HDBK.NS, the country's largest private lender, announced Bagchi's appointment as CEO a day earlier on Thursday, the first time an outsider will lead the institution.

Bagchi will take charge at HDFC Bank with effect from October 27.

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