Mar 01, 2022 06:00 pm
LIC Mutual Fund today announced the appointment of TS Ramakrishnan as its managing director and chief executive officer. succeeding Dinesh Pangtey. Ramakrishnan has held various positions including, those of regional manager pension group and Scheme in the South Central Zone (Hyderabad) and senior division manager in charge at Delhi 1 & 2 for 34 years. He has worked across four zones of LIC, including a stint at ZTC Bhopal as Vice Principal.
" 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,” Nityanand Prabhu, Director and Business Head at LICMF, said.
"I am excited about the long-term potential of the mutual fund industry on the backdrop 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 said.