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Dinesh Pangtey takes charge as CEO of LIC Mutual Fund

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Dinesh Pangtey, who had joined Life Insurance Corporation of India (LIC) as a direct recruit officer and has risen through the ranks, has been appointed as Chief Executive Officer (CEO) of LIC Mutual Fund.
 
Prior to taking over as CEO of LIC Mutual Fund, Pangtey was Director and Chief Executive Officer at LIC HFL AMC.
 
A press release from LIC MF said Pangtey had 35 years of experience across Private Equity, life, Pension, Group Superannuation Scheme and Insurance sector. During his stint as CEO with the private equity division of the LIC Group, Pangtey completed the investment of the maiden Fund corpus and achieved exit from 4 portfolio companies with an IRR of 22% and returned 79% of the amount drawn from investors.  He strategized the setting up of the new Fund under SEBI AIF platform and directly raised 92% of the base corpus. The Fund is shortly poised to exhaust the greenshoe option and close at Rs. 1000 crore.
 
He has served LIC as Regional Manager Marketing channel in Western Zone spanning the States of Maharashtra, Gujarat and Goa. He has headed Divisions like Jammu and Kashmir, Ahmedabad and Delhi.
 
IANS
 
 

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