OM Kotak Mahindra appoints Karan Bhalla as vice president

Mumbai: OM Kotak Mahindra Life Insurance Company Limited, a joint venture between Kotak Mahindra Bank and Old Mutual plc, has appointed Karan Bhalla as vice president, alternate distribution. Joining as part of the senior management team, Bhalla will report to Shivaji Dam, MD, OM Kotak, and will be responsible for strengthening OM Kotak's alternate distribution channel with its ambitious business growth plans.

Before joining OM Kotak, Bhalla was general manager and head of branch banking at Standard Chartered Bank, and was a key member of the senior management involved in the smooth merger of ANZ Grindlays with Standard Chartered Bank. He is a chartered accountant with over 22 years of extensive experience in consumer banking.

OM Kotak Mahindra Life Insurance is a joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc. a company with 159 years experience in life insurance, is an international financial services group listed on the London Stock Exchange and included in the FTSE 100 list of companies, with assets under management worth US $235 billion (as on 31 December 2003).

Kotak Mahindra is a leading financial services group with net worth of over Rs. 1400 crores as well as a market leader in the areas of car finance, investment banking, and distribution of financial products