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Chennai, Aug. 2

Royal Sundaram Alliance Insurance Company today announced that Mr Ajay Bimbhet would be joining as its Managing Director. The necessary approval from IRDA has been received. The move follows the current Managing Director Mr Antony Jacob’s appointment as the Regional Finance Director - Asia & West Asia, Royal & SunAlliance. Mr Antony will continue to be a non-Executive Director on the board of Royal Sundaram. Mr Bimbhet was earlier Managing Director and Head, Private and Business Clients, Deutsche Bank. Prior to this, he was at IDBI Bank, Standard Chartered and ANZ Grindlays. —

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