Ratnakar Patnaik to be the Chief Investment Officer of LIC

12 Apr 2023 , 12:15 PM

Life Insurance Corporation of India (LIC) on Tuesday said that it has appointed Ratnakar Patnaik as Chief Investment Officer.

LIC has announced in a regulatory filing that Ratnakar Patnaik will take over as Chief Investment Officer, replacing P R Mishra, who has been relocated to a different position. The appointment of Patnaik as the new CIO took effect on April 10, 2023.

After joining LIC as a Direct Recruit Officer in September 1990, Ratnakar Patnaik has spent over three decades working in various marketing roles across four different zones. 

During his tenure at LIC, Ratnakar Patnaik held various roles such as Senior Divisional Manager for the Indore and Jamshedpur Divisions, and Regional Manager (CLIA) in the Eastern Zone for three years. 

Following this, the Central Office appointed Ratnakar Patnaik as the Chief Investment – Front Office in May 2021.

At around 12.17 PM, LIC was trading at Rs 550, marginally down against the previous close of Rs 550.50 on NSE.

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