Amit Malik, who became the CEO of Aviva India in 2021, is leaving the Company after spending more than 10 years with the firm. The Company has announced that Asit Rath, who is currently the CEO of Prudential Myanmar Life Insurance, will succeed Malik as the CEO and MD. He will take charge on 11 July, 2022.
Prior to becoming the CEO of Aviva India, Malik — who is primarily from an HR domain, with vast experience in the area — handled multiple roles as the chief people, operations and customer service officer.
In fact, Malik is one of the few HR leaders who have gone on to become the CEO of a company.
During his successful two-decade long career, Malik has worked with big names, such as GlaxoSmithKline, ABN Amro Bank and Bank of America.
He was deputy manager – HR at GlaxoSmithKline Consumer Healthcare for almost four years before he moved to American Express as manager, in 2003. After a four-year stint with American Express, Malik moved to ABN Amro Bank as VP-HR in 2007. Within two years he became vice president & HR business partner- retail bank.
In 2010, Malik shifted to Bank of America, as vice president & HR business partner: consumer card ops, processing centres & enabling functions. He supported a workforce of 4500+ across India, and led an HR team of 17 human resource professionals. It was in December 2012 that Malik joined Aviva Life Insurance Company India, as CPO.
Asit Rath, who will be stepping into Malik’s shoes, also carries more than two decades of professional experience and has spent significant time working in the BFSI sector, ending up as an industry expert.
He has been working with Prudential Myanmar Life Insurance for three years and has spent more than a decade at ICICI Prudential Life Insurance serving in various strategic leadership roles. He was also associated with brands such as Axis Bank and ICICI Bank.
Acknowledging Rath’s “proven track record in transforming and innovating businesses,” Randy Lianggara, regional CEO, Asia said that Rath “will be well suited to lead Aviva India through the next phase of our transformation journey”.
Lianggara also thanked Malik for “his dedication to our business in India over the years” and wished him “all the best for future endeavours”.
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