Ratnakar Patnaik appointed as Chief Investment Officer at LIC

New Delhi: State-owned Life Insurance Corporation said in a regulatory filing that Ratnakar Patnaik has been appointed as the Chief Investment Officer (Key Management Person) of the Corporation with effect from April 10. Patnaik has been appointed "in place of P R Mishra who has transferred and posted to another assignment vide Office Order Ref: PER.ADMN/23-24/PO-12 dated April 9," it added.

Brief profile

Patnaik joined LIC as a Direct Recruit Officer in September 1990. He has majored in Physics and is a Fellow of the Insurance Institute of India. During the last thirty-two years, he has worked across four zones, mostly in marketing assignments. He headed Indore and Jamshedpur Divisions as Senior Divisional Manager and served as Regional Manager (CLIA) in Eastern Zone for three years. He joined in Central Office as Chief (Investment – Front Office) in May 2021. Patnaik strongly believes in teamwork and has empathetic people sense. His interest lies in sports, movies, and books.

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