LIC Mutual Fund has appointed T S Ramakrishnan as Managing Director and Chief Executive Officer, effective March 1, 2022. He succeeds Dinesh Pangtey, the former wholetime Director and CEO.
Ramakrishnan has an experience of over 34 years, at LIC and its subsidiaries/associate companies. He joined LIC Mutual Fund AMC on April 28, 2021, before taking over as MD & CEO, according to a statement.
Prior to this, Ramakrishnan was the Regional Manager – Western Region at LIC Housing Finance and was subsequently transferred to General Manager LICHFL. He has worked across four zones of LIC, including a stint at ZTC Bhopal as Vice Principal.
Nityanand Prabhu, Executive Director & Business Head, LICMF, said, “LIC Mutual Fund aspires to be the preferred investment manager and mutual fund of choice to the investing public by offering right investment solutions coupled with best-in-class service. Mr Ramakrishnan comes on board at an exciting phase of the journey of consolidating our position in the market. Our objective is to deepen our presence across Tier II, III cities to gain retail penetration.”
T S Ramakrishnan, MD and CEO, LIC Mutual Fund, said, “I am excited about the long-term potential of the mutual fund industry on the back-drop of its under-penetration. Coupled with LIC’s strong brand presence across the country and rising significant retail investor interest, we will continue to grow our presence in Tier II, III cities and across the country.”
Ramakrishnan holds a Bachelor’s degree in Commerce (Hons) and PGDIM. He has also been awarded a Fellowship from the Insurance Institute of India.
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