Niva Bupa Health Insurance has appointed former chief investment officer (CIO) Vikas Jain to the position of chief transformation officer, while Karan Bhatia will succeed him as CIO with immediate effect, the insurer told the Indian exchanges on 16 September.
Having been with Niva Bupa since September 2015, Jain assumed the CIO role in October 2020. Prior to joining the insurer, he served as vice president, finance at Max Life Insurance for just under a year.
Bhatia joined the treasury and investments team at Niva Bupa in December 2015, most recently serving as fund manager, according to his LinkedIn profile.
Bhatia brings over 18 years of experience in the investment domain. Before joining Niva Bupa, he worked with Canara HSBC Life Insurance, Axis Maxlife Insurance, Future Generali Life Insurance and Pipal Research & Analytics.
“He oversees the investment portfolio at Niva Bupa and is responsible for generating superior risk-adjusted return, ensuring protection of capital, maintaining adequate liquidity of the portfolio and ensuring regulatory compliance,” Niva Bupa said in a stock exchange announcement.
These appointments are the latest in a series of leadership changes, including the appointment of former Securities and Exchange Board of India whole-time member Ashwani Bhatia as chairman of its board in June and the promotion of executive director and chief business officer Ankur Kharbanda to deputy chief executive officer.
