Anuj Mathur, member of the two main professional accountancy bodies in India, has been appointed chief executive of Canara HSBC Oriental Bank of Commerce Life Insurance.
Mathur is a member of the Institute of Chartered Accountants of India and of the Institute of Cost Accountants of India.
Canara HSBC Oriental Bank of Commerce Life Insurance is a joint venture between Canara Bank, HSBC Insurance and the Oriental Bank of Commerce.
He takes over the top role from the finance division of the company, where he was CFO since 2009.
Mathur joins a growing list of CFOs who made it to the top of their companies, such as José Antonio Álvarez internally promoted CEO of Santander since November 2014.
More recently former UBS CFO, John Cryan, was announced as the next sole CEO of Deutsche Bank, once current co-chiefs Anshu Jain and Jürgen Fitschen step down.
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Other names on the list of CFO-turned-CEO are PepsiCo’s Indra Nooyi, Siemens’ Joe Kaeser and FTSE 100 media company BskyB’s Jeremy Darroch.
CEOs-in-waiting: the CFO’s expanding role