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, replacing PR Mishra, who stepped down from the role on April 10. Additionally, PC Paikray has been named the new Chief Risk Officer, taking over from Tablesh Pandey on the same date. Patnaik, who has 32 years of experience in the industry, began his career at LIC as a Direct Recruit Officer in September 1990. This information was disclosed in a filing by the insurer.

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Ratnakar Patnaik, who assumed the role of Chief Investment Officer on April 10, has extensive experience in marketing assignments, having worked in four different zones. He served as Senior Divisional Manager for the Indore and Jamshedpur divisions, and spent three years as Regional Manager in the Eastern zone. Patnaik moved up the ranks and eventually became Chief of Investment – Front Office at the central office. He holds a major in Physics and is a fellow of the Insurance Institute of India. These details were revealed in a filing made by LIC, announcing his appointment.

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