QBE Insurance Group Limited (ASX:QBE) is pleased to announce the appointment of Vivek Bhatia as Chief Executive Officer, Australian and New Zealand Operations (ANZO), following an extensive global search. The role reports to Pat Regan, Group Chief Executive Officer, and forms part of the Group Executive Committee.
Vivek joins QBE from icare, the NSW Government public financial corporation managing the state’s insurance and care schemes. With more than AU$30 billion in assets and AU$6.7 billion in income, icare is one of the largest social insurers globally. He played a critical role in the formation of icare in 2014 and was appointed as the inaugural Chief Executive Officer and Managing Director. Prior to this he co-led the Asia Pacific Restructuring and Transformation practice at McKinsey & Company and before that, was the Chief Executive Officer, Australian Underwriting Operations at Wesfarmers Insurance.
Pat Regan, Group Chief Executive Officer, said of the appointment, “I am very excited that Vivek is joining QBE and the executive team. He brings a wealth of experience across the insurance and management consulting sectors with a track record in large scale business and cultural transformation. He reflects QBE’s passion for building customer and employee satisfaction and is well credentialed to leverage the strong platform in the Australia and New Zealand business.”
Vivek Bhatia said, “I feel very privileged to take on this important leadership role at QBE, where I started my insurance journey 15 years ago. I am very excited at the opportunity to further enhance the strong position QBE has in these markets.”
Vivek replaces Pat Regan who was appointed Group Chief Executive Officer in September 2017 from the role of Chief Executive Officer, ANZO.
Commenting further, Pat Regan said, “I would like to thank Inder Singh, Chief Financial Officer, ANZO for his stewardship as Interim Chief Executive Officer ANZO while the executive search process was completed. Inder will return to his Chief Financial Officer responsibilities and support Vivek as he transitions into the Chief Executive Officer role.”
Vivek will join QBE in the first quarter of 2018 and will be based in Sydney.
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