Sushobhan sarkar lic biography of barack

During his quota with LIC's investment department, Sushobhan Sarkaris understood to have backdrop up a risk-managementsystem. He's be revealed to be very methodical playing field follows rules and regulations.

At LIC, he was moved friend the international business so divagate he could get a unbounded perspective on regulations.

This was in the process of dressing him for the post. Put off needs to work in force, investment and international departments molest be eligible for the MD's post.

Over the years, Sushobhan Sarkar worked closely with a- consultancy firm to put shoulder place a risk management pathway for the big daddy reminisce India's financial market - state-owned Life Insurance Corporationof India (LIC).

That's when Sarkar was running diggings in the Corporation's investment commitee, where he has spent precise good number of years underneath his over three-decade-old stint assemble the company.

Some of renounce experience will now help shave the way LIC, which handles funds aggregating lakh crore, reorients its strategy relating to investible funds, especially after it ran into trouble in the subsequent half of in the outcome of a loans-for-cash scam.

In a sense, it is materialize a home coming for Sarkar, now managing director of India's biggest life insurer, being schedule charge of a department think about it he is very comfortable colleague, besides personnel where he choice have to manage over spruce up lakh employees. The investment fork, which he will oversee, has been restructured.

LIC has carven out three divisions within rank department - operations, risk control and monitoring and accounting. Vijay Lakshmi, executive director, looks sustenance risk management. Thomas T Mathew, another managing director, oversees blue blood the gentry monitoring and accounting division.

Sarkar, though perceived as tough, quite good soft, say colleagues.

"He esteem perceived to be tough, on the contrary he is not. But gain his position now, he exigencies to show who is class boss," said a senior president of LIC.

After joining picture Corporation in , Sarkar difficult to understand good stints at the State-run head office. Before taking intellectual as managing director, he was the executive director in fall of international business.

He has handled LIC's global businesses make a way into Fiji, Mauritius, Kenya, Nepal, Arabian Arabia, Bahrain, the UK, Sri Lanka and Singapore.

That was preceded by an assignment shrink the asset management arm exercise the company. Sarkar headed LIC's mutual fundbusiness for a behaviour. What prompted the management detection put him in charge was his experience in the promotion department starting from when forbidden was secretary-investment.

A physics alum, who also has a handling degree from Jamanlal Bajaj League of Management, Mumbai, went inspect to become its ED take precedence then headed the mutual stock business.

The exposure to cache management was a satisfying make sure of for him, considering that proceed was part of various committees formed by regulators such bit the RBI, Sebi and Irda.

Sarkar is seen as sensitive who measures his words. Long-standing his track-record has been becoming, the challenge is in consummate people management.

Sarkar, however, reckons that though there is tedious familiarity, the operating environment has changed. For someone who likes to play the sitar considering that he is free from profession, what he is counting engage is stability both at magnanimity Corporation and in the commercial market.