On Monday Nippon Life India Asset Management states, it has re-appointed Sundeep Sikka as executive director and CEO for another five years. The appointment, with effect from April 22, 2021, is subject to the approval of the shareholders of the company, Nippon Life India Asset Management states in a regulatory filing to the BSE.

In addition, the company has named B Sriram as an independent director and Yutaka Ideguchi as a non-independent director with effect from Monday.

Nippon Life India Asset Management states "It strongly believes that the induction of these two new board members with varied and enriching skill sets would immensely help its on-going quest to be the country's responsible corporate citizen with the highest sensitivity and flair towards the principles of strong corporate governance."

Also, Ved Prakash Malik has been re-appointed as a non-executive independent director for a second term of five years commencing from April 22, 2021, subject to the approval of the shareholders of the company.