Canara, HSBC, OBC Life Insurance appoints Anuj Mathur as CEO

Canara HSBC Oriental Bank of Commerce Life Insurance Company on Wednesday said it has appointed Anuj Mathur as its new chief executive.

Mathur will take charge as the CEO on July 1, 2015, succeeding the current CEO, John Holden.

The company is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings.

Under Holden's leadership, the company reported its maiden profit in less than five years of commencing operations. The company continues to pursue a pure bancassurance model and passes the benefits of its lean cost structure to the three banks'customers, the release said.

Mathur is a founding member of the company. He joined the company in 2007 to lead legal, compliance and risk and corporate governance division, before taking over as the chief financial officer in September 2009.

He has over 22 years of experience, out of which more than 14 years have been with the life insurance industry, it added.

A Commerce graduate from Shri Ram College of Commerce, Delhi University, he is a fellow member of The Institute of Chartered Accountants of India, Institute of Company Secretaries of India and an associate member of

Institute of Cost Accountants of India.