Life Insurance Corporation of India (LIC) has appointed Ratnakar Patnaik as the Chief Investment Officer, with effect from April 10, the insurer said in a filing. Patnaik will replace PR Mishra, who ceased to be the CIO on April 10.

• It also appointed PC Paikray as the Chief Risk Officer, who replaced Tablesh Pandey on April 10.
• Patnaik is an industry veteran and has an experience of 32 years. Patnaik had joined LIC as a Direct Recruit Officer in September 1990.
• The newly-appointed CIO, who took charge on April 10, has worked across four zones, mostly in marketing assignments. He headed the Indore and Jamshedpur divisions as Senior Divisional Manager and served as a Regional Manager in the Eastern zone for three years.
• After moving up the ranks, Patnaik joined the central office as Chief of Investment - Front Office.