MUMBAI: In a recent development, Tata AIA Life, a private life insurer has announced Rishi Srivastava as the new chief executive officer and managing director starting 1 August 2018 subject to regulatory approval from IRDAI. Srivastava will replace Naveen Tahilyani.

Srivastava is currently chief of proprietary channels, product, marketing and corporate communication at Tata AIA. He has been active in setting up and driving Tata AIA's agency workforce and successfully building the unique premier agency model in India which aims to providing enhanced overall customer experience.

Srivastava brings with him more than 20 years of experience in finance and insurance. Prior to this, he was CEO at ICICI Prudential before moving to ICICI Bank as general manager and then on to AXA as director of the agency business in Jakarta.

He joined Tata AIA in 2016. Srivastava started his career with Dabur India Limited as a area sales manager and product manager.

He has led strong, profitable growth at Tata AIA over the past three and half years, with a focus on delivering a multi-distribution business, best-in-class customer experience and building a differentiated protection-oriented franchise.