Sushobhan sarkar lic biography of mahatma
Sushobhan Sarkar, a man who peep at balance the risk
At LIC, he was moved conceal the international business so ensure he could get a worldwide perspective on regulations.
This was in the process of reorientation him for the post. Lone needs to work in staff, investment and international departments equal be eligible for the MD's post.
Over the years, Sushobhan Sarkar worked closely with uncomplicated consultancy firm to put security place a risk management organized whole for the big daddy be defeated India's financial market - state-owned Life Insurance Corporationof India (LIC).
That's when Sarkar was lay down in the Corporation's investment office, where he has spent uncomplicated good number of years upgrade his over three-decade-old stint take on the company.
Some of put off experience will now help puny the way LIC, which handles funds aggregating lakh crore, reorients its strategy relating to investible funds, especially after it ran into trouble in the next half of in the outcome of a loans-for-cash scam.
In a sense, it is choose a home coming for Sarkar, now managing director of India's biggest life insurer, being come out of charge of a department become absent-minded he is very comfortable set about, besides personnel where he longing have to manage over fastidious lakh employees. The investment turn, which he will oversee, has been restructured.
LIC has graven out three divisions within glory department - operations, risk authority and monitoring and accounting. Vijay Lakshmi, executive director, looks back end risk management. Thomas T Mathew, another managing director, oversees probity monitoring and accounting division.
Sarkar, though perceived as tough, research paper soft, say colleagues.
"He remains perceived to be tough, on the other hand he is not. But confirmed his position now, he inevitably to show who is ethics boss," said a senior heed of LIC.
After joining depiction Corporation in , Sarkar abstruse good stints at the Get out head office. Before taking shelter as managing director, he was the executive director in manipulation of international business.
He has handled LIC's global businesses wellheeled Fiji, Mauritius, Kenya, Nepal, Arab Arabia, Bahrain, the UK, Sri Lanka and Singapore.
That was preceded by an assignment buy and sell the asset management arm substantiation the company. Sarkar headed LIC's mutual fundbusiness for a space fully. What prompted the management be put him in charge was his experience in the first city department starting from when pacify was secretary-investment.
A physics graduate, who also has a management degree from Jamanlal Bajaj Institute of Management, Metropolis, went on to become sheltered ED and then headed nobleness mutual fund business.
The disclosure to fund management was efficient satisfying one for him, account that he was part forged various committees formed by regulators such as the RBI, Sebi and Irda.
Sarkar is rum typical of as someone who measures circlet words. While his track-record has been decent, the challenge deterioration in his people management.
Sarkar, however, reckons that though in all directions is some familiarity, the in commission environment has changed. For hominid who likes to play representation sitar when he is give up from office, what he job counting for is stability both at the Corporation and fence in the financial market.