Mr. N.S. Kannan is the Managing Director & CEO of ICICI Prudential Life Insurance Company since June 19, 2018.
Kannan joined ICICI Limited in 1991 and has been with the ICICI group for over 29 years. He served on the Board of Directors of ICICI Bank as Executive Director from May 2009 till June 18, 2018. His responsibilities included Finance, Treasury, Corporate Legal, Operations, Secretarial, Corporate Communications, Corporate Branding, Infrastructure Management, Strategic Solutions Group and ICICI Foundation for Inclusive Growth. He also had the responsibility for day-to-day administration of the Risk Management, Compliance and Internal Audit functions. During his tenure at the ICICI Group, he has also handled Project Finance, Infrastructure Finance, Structured Finance and Treasury functions.
Prior to joining the Board of ICICI Bank, he was the Executive Director of ICICI Prudential Life Insurance Company from August 2005 to April 2009.
Kannan also has had extensive experience serving on the various Boards of ICICI Group Companies: Chairman of the Board, ICICI Securities Primary Dealership Limited; Chairman of the Board, ICICI Bank UK Plc; Non-executive Director on the Boards of ICICI Prudential Life Insurance Company Limited, ICICI Lombard General Insurance Company Limited, ICICI Prudential Asset Management Company Limited and ICICI Bank Canada.
Kannan is a postgraduate in management from the Indian Institute of Management, Bangalore with gold medal for Best All-round Performance. He is also a Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India and an Honours graduate in Mechanical Engineering from National Institute of Technology (formerly Regional Engineering College), Tiruchirappalli.
Kannan has been part of a number of committees constituted by the Government of India and regulatory bodies including the Insurance Advisory Committee constituted by IRDAI, RBI Steering Committee on Implementation of Indian Accounting Standards, IBA Sectoral Committee of Private Sector Member Banks, The Companies Law Committee Working Group on Raising of Funds, CII National Council on Corporate Governance and the Insurance Awareness Committee of Life Insurance Council.
Kannan was appointed a member of Advisory Committee by RBI under the RBI Act to assist the Administrator of DHFL. Subsequently, he has been appointed by RBI as a member of the Advisory Committee to resolve DHFL under the Indian Bankruptcy Code.
In 2013, Kannan was voted the Best CFO in India by Finance Asia. He was adjudged the Best CFO in the Indian banking/financial services sector at the CNBC TV 18 CFO Awards for two consecutive years, 2012 and 2013. In fiscal 2013, under his leadership, ICICI Bank investor relations team was ranked the third best in Asia (after two China based banks) by sell side analysts in a ranking issued by Institutional Investors and Kannan was ranked the second best CFO in Asia (after the CFO of a China based bank) by buy side analysts. Under Kannan’s leadership, ICICI Bank’s investor relations team was ranked the best among Indian companies by Finance Asia in fiscal 2014.