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Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced the appointment of Sudhakar Shanbag as its Chief Investment Officer from December 11th 2009. Mr. Shanbag, a Chartered Accountant has been a part of the Kotak Team in varying capacities. Prior to Kotak Life Insurance, Mr. Shanbag was part of the Treasury team at Kotak Mahindra Bank. He has also been an integral part of the Kotak Prime team for 11 years, serving first as a Chief Financial Officer and then taking over as Chief Operating Officer.

Commenting on the appointment, Mr. Pankaj Desai, Executive Director, Kotak Life Insurance said, “With our current AUM of 5600 Crores, projected to cross the 10,000 crore mark in the next 12 months, Sudhakar’s role is going to be very critical. We are confident that with his appointment, our position as Investment experts will be reinforced consistently.”