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Bangalore, June 2

Private sector life insurer ING Vysya Life Insurance Company Ltd has shuffled its top management and appointed Mr Kshitij Jain as the new Chief Executive Officer and Managing Director. The appointment will make Mr Jain the first Indian MD & CEO of ING Vysya Life. According an ING Vysya Life press release, the current CEO and MD, Dr Frank Koster, is moving back to the parent company's global headquarters in Amsterdam. The change of guard would, however, have to be approved by the Insurance Regulator. The release said that Mr Jain's appointment takes effect from July 1 this year. Mr Jain has been with ING Vysya Life since its inception in 2001 and been a senior member of the management team primarily responsible for sales and distribution.

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