New Delhi : Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, announced the appointment of Mr Chirag Jain as the Chief Operating Officer. He succeeds Mr K R Subramanian who played an important role in the tremendous growth and success of the Company and has now moved to an overseas assignment with HSBC Insurance.

Mr Chirag Jain will be a part of the Company’s core leadership team at Gurgaon and will head operations and IT.

Mr Jain holds an engineering degree from IIT, Delhi and is an alumnus of IIM, Ahmedabad. He has a rich experience of 16 years in the financial services space including the life insurance sector both in India and abroad. His last assignment was with Commercial International Life Insurance Company, Egypt as Chief Operating Officer.

Speaking on the new appointment, Mr Harpal Karlcut, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company, said: “We are delighted to have Chirag on board with us. With his deep understanding of the life insurance sector, outstanding management and operations skills, technology expertise, and record of delivering high-performance results, Chirag will provide appropriate leadership to drive further growth. We look forward to his valuable contribution in taking the Company to greater heights”.