Google News
logo
Daily Current Affairs
Who has been appointed as the Chief Investment Officer by LIC, effective from April 10, 2023?
A)
Prashant Tripathy
B)
Ratnakar Patnaik
C)
Ashish Vohra
D)
Vibha Padalkar

Correct Answer :   Ratnakar Patnaik


Life Insurance Corporation of India (LIC), the country's largest insurer, on Tuesday (11th April 2023) announced the appointment of Ratnakar Patnaik as its new Chief Investment Officer (CIO), effective from April 10, 2023.

* Patnaik, a seasoned insurance professional, has been with LIC since September 1990 when he joined as a Direct Recruit Officer. He holds a major in Physics and is a fellow of the Insurance Institute of India.

* During his 32-year-long career at LIC, Patnaik has worked across four zones, mostly in marketing assignments. He has headed the Indore and Jamshedpur divisions as Senior Divisional Manager and served as Regional Manager (CLIA) in the Eastern Zone for three years.

* He was promoted as Chief (Investment – Front Office) and joined the Central Office in May 2021.

* The outgoing CIO, P R Mishra, has been transferred and posted to another assignment.

* His appointment as CIO of LIC is expected to strengthen the insurer's investment strategy and add value to the corporation's financial operations.
Patnaik strongly believes in team work and has empathetic people sense. Has interest in sports, movies and books..

Source : CNBC

Published On : April 11, 2023
Advertisement