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Edelweiss Tokio Life CEO leaves

Edelweiss Financial Services Ltd. said Deepak Mittal stepped down as managing director and CEO of unit Edelweiss Tokio Life Insurance Co. Ltd.

Mittal will move to another business vertical within the Edelweiss Group, according to a May 25 release.

Further, Chief Distribution Officer Sumit Rai was appointed interim CEO of the insurer.