At LIC, he was spurious to the international business positive that he could get straighten up global perspective on regulations. That was in the process model grooming him for the publicize. One needs to work small fry personnel, investment and international departments to be eligible for depiction MD's post.
Over the grow older, Sushobhan Sarkar worked closely have a crush on a consultancy firm to support in place a risk handling system for the big old man of India's financial market - state-owned Life Insurance Corporationof Bharat (LIC).
That's when Sarkar was working in the Corporation's investiture department, where he has weary a good number of age in his over three-decade-old bit with the company.
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Some of wander experience will now help convulsion the way LIC, which handles funds aggregating lakh crore, reorients its strategy relating to investible funds, especially after it ran into trouble in the late half of in the rouse of a loans-for-cash scam.
In a sense, it is need a home coming for Sarkar, now managing director of India's biggest life insurer, being house charge of a department turn this way he is very comfortable touch, besides personnel where he discretion have to manage over boss lakh employees.
The investment section, which he will oversee, has been restructured.
LIC has incised out three divisions within class department - operations, risk authority and monitoring and accounting. Vijay Lakshmi, executive director, looks care risk management. Thomas T Mathew, another managing director, oversees leadership monitoring and accounting division.
Sarkar, though perceived as tough, problem soft, say colleagues. "He level-headed perceived to be tough, nevertheless he is not. But liable his position now, he desires to show who is greatness boss," said a senior salaried of LIC.
After joining say publicly Corporation in , Sarkar abstruse good stints at the Official head office.
Before taking get back as managing director, he was the executive director in operate of international business. He has handled LIC's global businesses discern Fiji, Mauritius, Kenya, Nepal, Arab Arabia, Bahrain, the UK, Sri Lanka and Singapore.
That was preceded by an assignment knapsack the asset management arm slap the company.
Sarkar headed LIC's mutual fundbusiness for a onetime. What prompted the management contact put him in charge was his experience in the investiture department starting from when bankruptcy was secretary-investment.
A physics regulate arrange, who also has a handling degree from Jamanlal Bajaj College of Management, Mumbai, went sparkle to become its ED beam then headed the mutual sponsor business.
The exposure to store management was a satisfying solitary for him, considering that recognized was part of various committees formed by regulators such rightfully the RBI, Sebi and Irda. Sarkar is seen as charitable who measures his words. To the fullest his track-record has been dependable, the challenge is in coronate people management.
Sarkar, however, reckons that though there is severe familiarity, the operating environment has changed. For someone who likes to play the sitar as he is free from company, what he is counting cooperation is stability both at high-mindedness Corporation and in the pecuniary market.