PFI Mega Life, PFI's joint venture with CT Corporation, announced the appointment of Samdarshi (Sam) Sumit as President Director and CEO.
Mr. Sumit has a proven track record of driving results in emerging markets and brings to PFI Mega Life a strong combination of strategic planning and focus on execution. He is well-positioned to make valuable contributions to the portfolio of PFI Mega Life projects and initiatives in the queue, including expanding product offerings, diversifying distribution throughout the CT Corporation ecosystem and developing third party relationships, while supporting the growth of an engaged organization.
He joins PFI Mega Life from Generali Insurance (Thailand) Public Co. Ltd., where he served as Managing Director. He was leading the General insurance business in Thailand for Generali, a global insurer with presence in over 66 countries. Earlier he served as Chief Retail Officer responsible for all retail distribution channels for Life and General Insurance, including Bancassurance, Agency and direct marketing.
Prior to this role, Mr. Sumit worked with two leading banks in India and Vietnam - HDFC Bank and Techcom Bank, respectively. HDFC Bank is one of the largest banks in India with a market cap of over USD 100Bn. Within Techcom Bank and HDFC Bank, Mr. Sumit’s areas of accountability ranged across Retail Lending, Branch Banking, Priority Banking and Wealth Management & Bancassurance.
Mr. Sumit holds an Executive Post Graduate Program in Management degree from the Indian Institute of Management in Indore, India and a Bachelor of Business Studies from the University of Delhi.
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