LIC Housing Finance Limited (LIC HFL), one of the largest housing finance companies in India, announced the appointment of Ashwani Ghai as an Additional Director on the company’s board, with effect from November 1, 2022.
According to the company’s exchange filing, “we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held today, has approved the appointment of Shri Ashwani Ghai (DIN 0009733798) as an additional director and Whole Time Director being Key Managerial Personnel (KMP) designated as Chief Operating Officer (COO).”
Ashwani Ghai is post graduate in Economics, PGEP from IIM Ahmedabad & Fellow of Insurance Institute of India (III). He brings on board long working experience in Marketing, Enterprise Risk Management, Fund Management and setting up systems, procedures and governance policies in critical areas of Investment management, Risk management, Strategy implementation and Compliances.
In his more than 34 years of work experience in LIC of India, he has worked across marketing, personnel, Investment/ Fund management, Enterprise risk management, IPO and strategy formation and implementation. Prior to joining as Chief Operating Officer in LIC HFL, he has held variety of important positions, in LIC of India, Jast three being Executive Director (Strategy), Executive Director (IPO Cell) where he handled the job of steering the preparatory work successful listing of shares of Life Insurance Corporation of India and as Chief (Investment Operations).
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