Aditya Birla Sun Life AMC Limited informed that pursuant to the recommendation of the Nomination, Remuneration and Compensation Committee, the Board of Directors of the Company have approved the appointment of Mr. Supratim Bandyopadhyay (DIN: 03558215) as an Additional Director (Non-Executive Independent) for a term of 5 years with effect from June 1, 2023, subject to the approval of the Shareholders of the Company at the upcoming Annual General Meeting. Mr. Supratim Bandyopadhyay served as Chairman of Pension Fund Regulatory and Development Authority (PFRDA) for a period of three years from January 2020 to January 2023 and prior to this he was the Whole Time Member (Finance) of PFRDA for two years. During his tenure with PFRDA, the AUM of PFRDA increased almost 4 folds to 9 trillion.

Mr. Bandyopadhyay has vast experience in the field of Insurance, Finance, Investments and Debt operations. Prior to PFRDA, Mr. Bandyopadhyay served around three and half decades at Life Insurance Corporation of India. During his tenure at LIC, Mr. Bandyopadhyay served in various capacities heading two large divisions as Chief (Investment) and Executive Director (Investment).

He also held the position of Managing Director & Chief Executive Officer at LIC Pension Fund managing entire operations of LIC Pension Fund. Mr. Bandyopadhyay is an Associate Member of the Institute of Chartered Accountant of India.