M Balakrishnan appointed as as CFO of IDBI Federal Life Insurance

IDBI Federal Life Insurance appointed  Mathivanan Balakrishnan as its Chief Financial Officer (CFO) and S P Prabhu as its Chief Investment Officer (CIO). Balakrishnan will oversee the areas of planning and budgeting, financial accounting & reporting, corporate taxation, investment operations, insurance accounting, audit and statutory compliance. Prabhu, who was earlier head of fixed income, will now oversee the management of the company’s investment portfolio of Rs 10,000 crore, spread across various asset classes.

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