PNB MetLife, one of India’s leading life insurance companies, today announced the appointment of Ashish Kumar Srivastava as Managing Director and Chief Executive Officer, responsible for leading all aspects of the business in the country. An industry veteran of nearly 25 years, Mr Srivastava comes with extensive experience in multiple disciplines, including Strategy, Human Resources, Project management and operations, Infrastructure, Administration and Communications.

Chris Townsend, Chairman of the Board, PNB MetLife, said, “Ashish is a seasoned and well-respected leader who is an excellent choice to lead our team at PNB MetLife. The Board and shareholders remain confident in the performance and potential of the company and believe that the combination of PNB's extensive network and MetLife's global strategy ensure that we are well-positioned to capture the opportunities in this fast-growing market.”

Commenting on his appointment, Ashish Kumar Srivastava said, “I am delighted to have been entrusted with this responsibility and excited to take our business to greater heights. We are confident we will build on and consolidate our strengths in the market while continuing to innovate and tap new opportunities for growth.”

Ashish joined PNB MetLife in 2013 as the Head of Human Resources before subsequently moving to Dubai in 2015 to take charge of Human Resources for the MetLife Middle East and Africa (MEA) region. Prior to joining PNB MetLife, Ashish served as Director on the board of HSBC Canara Oriental Life Insurance Company.

[b]About PNB MetLife India Insurance Company Limited[/b]

PNB MetLife India Insurance Company Limited (PNB MetLife) has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited and other private investors, with MIHL and PNB being the majority shareholders.

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