BSP Life has announced three senior leadership appointments which are all internal promotions reflecting the high calibre of talent within the institution.
Munendra Naidu – Chief Actuarial and Data Officer
In a landmark move for BSP Life and Fiji’s insurance industry, Mr Munendra Naidu has been appointed to a newly established position of Chief Actuarial and Data Officer. Munendra was formerly BSP Life’s Chief Financial Officer and brings over two decades of actuarial, data analytics and finance experience in life and health insurance to the role.
Munendra will lead a qualified Actuarial and Data Analytics team in steering strategic outcomes for BSP Life using advanced actuarial tools and expertise, collaborating with the company’s Appointed Actuary. Munendra will also support compliance with regulatory reporting using the vast experience gained in his leadership of the transition to the new and complex IFRS17 accounting standard. He is the only qualified Actuary in Fiji, obtaining his qualifications from the Institute of Actuaries in the United Kingdom and Macquarie University of Australia.
Munendra started with BSP Life in the Actuarial department and moved into accounting and finance in 2012 when he was appointed CFO, a role he held for 12 years.
Munendra is married to Ravita, and they have 3 children – Maanshi, Bhavya and Aaryash.
George Kotobalavu – General Manager Distribution & Marketing
Mr George Kotobalavu has been promoted to the role of General Manager Distribution & Marketing, replacing Mr Curtis Mar who recently retired. George will lead BSP Life’s Distribution and Marketing division overseeing sales, marketing, and product development, supporting the next evolution of growth in the business.
George has 27 years’ experience in sales and strategic management and joined BSP Life in 2020. His previous leadership roles included Director of Sales for Fiji Water, Head of Corporate Sales for Vodafone, Commercial Sales and Marketing Manager for Mobil Oil, and General Manager Sales for Fiji Kava.
George holds a Master’s in Business Administration and a Bachelor’s in Technology from the University of the South Pacific. He is a graduate of the Senior Leadership Program at Wonderful Academy (USA) and a member of the Australian Institute of Company Directors.
George is married to Theresa, and they have a son Dominic, a daughter Marion, and a grandson, Ezekiel.
Bhavin Marvadi — Chief Financial Officer
Mr Bhavin Marvadi is BSP Life’s new Chief Financial Officer succeeding Munendra Naidu. A dynamic finance leader with over a decade of experience, Bhavin began his career at PwC Fiji in 2012 before moving to British American Tobacco in 2016, where he held senior finance roles in Fiji and the Solomon Islands.
In 2020, Bhavin joined BSP Life as Financial Controller, and supported the successful implementation of IFRS17, the most significant change in insurance financial reporting in twenty years. As CFO, Bhavin will oversee the traditional Finance functions, consolidated enterprise reporting, together with procurement services and project management.
Bhavin holds a Bachelor of Commerce in Accounting & Information Systems from the University of the South Pacific. His mum, Mrs Nayana Marvadi, ably supports Bhavin.
Munendra, George and Bhavin join a highly capable leadership team including Mrs Arieta Cama, Mr Craig Strong, Mrs Camari Turagarua and Mr Viresh Chandra, who are all experienced and proud Fijians.
Managing Director Michael Nacola stated, “the BSP Life family congratulates Munendra on his new appointment and George and Bhavin’s deserved promotions to the Executive team. We have every confidence they will excel in their new roles contributing to our purpose of creating sustainable value for our policyholders and supporting national economic development. I am particularly proud that we continue to see internal talent progress into senior leadership roles, a testament of the effectiveness of our succession plans and the capability we have in Fiji.”
Visit www.bsplife.com.fj for more details