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Royal Sundaram Alliance Insurance Company has promoted its Chief Operating Officer MS Sreedhar, to the post of Managing Director, according to a press release from the company. The Insurance Regulatory and Development Authority has approved the appointment, the release said. He succeeds Ajay Bimbhet, who retired after seven-and-a-half years as Managing Director.
Sreedhar joined the Sundaram Finance Group in 1994, working in a range of capacities, including CFO and Secretary in Sundaram Newton Asset Management Company. He has been with Royal Sundaram since its inception 2000.
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