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LIC appoints Ratnakar Patnaik as new Chief Investment Officer

LIC appoints Ratnakar Patnaik as new Chief Investment Officer

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is LIC appoints Ratnakar Patnaik as new Chief Investment Officer.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

LIC appoints Ratnakar Patnaik as new Chief Investment Officer

Ratnakar Patnaik appointed as new Chief Investment Officer of LIC: Life Insurance Corporation (LIC) has announced the appointment of Ratnakar Patnaik as the new Chief Investment Officer. He replaced PR Mishra, who had been transferred and posted to another post.

Read Also: RBI appoints Neeraj Nigam as new Executive Director | Daily Current Affairs Dose

LIC has also appointed PC Paikray as its new Chief Risk Officer. He will succeed Tablesh Pandey who has taken over as the Managing Director (MD) of the company.

About Ratnakar Patnaik Chief Investment Officer of LIC

Ratnakar Patnaik is an industry veteran with over 32 years of experience. Patnaik had joined LIC in September 1990 as a direct recruit officer.

Read Also: Manmeet K Nanda appointed as new MD & CEO of Invest India

During the past thirty-two years, Ratnakar has worked in four zones, mostly on marketing assignments. He headed Indore and Jamshedpur divisions as Senior Divisional Manager and served as Regional Manager in the Eastern Region for three years.

After this, Patnaik took over the post of Chief of Investment-Front Office in the Central Office of LIC.

About PC Paikray Chief Risk Officer of LIC

Pratap Chandra Paikray also joined LIC in September 1990 as a Direct Recruit Officer. PC Paikray has held various positions in the Corporation in both Regional and Central Offices.

Read Also: G Krishnakumar appoints as BPCL Chairman & Managing Director

Important facts for upcoming exams from the above Current Affairs Topic

  • Formation of LIC: 1 September 1956
  • Full form of LIC: Life Insurance Corporation of India
  • Headquarters of LIC: Mumbai
  • Chairperson of LIC: Mangalam Ramasubramanian Kumar
  • Subsidiaries of LIC: LIC Housing Finance, LIC International Ltd, LIC Cards Services Ltd, LIC Mutual Fund Ltd, LIC Pension Fund Ltd and IDBI Bank
  • Number of employees in LIC: 114,000 (2020)

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