Canara HSBC Oriental Bank of Commerce Life Insurance appoints Mr. Deven Sangoi as Chief Investment Officer

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NEW DELHI: Canara HSBC Oriental Bank of Commerce Life Insurance today announced the appointment of Mr. Deven Sangoi as their new Chief Investment Officer with effect from 1st June 2020.

Mr. Deven Sangoi will be responsible for the management of Investment assets of the Company, both Equity and Fixed Income.

On his appointment, Mr. Deven Sangoi said: “I am delighted to be a part of Canara HSBC Oriental Bank of Commerce Life Insurance and look forward to being a part of the growth journey. In these challenging times when the whole world is fighting and evolving with the Covid-19 pandemic, it is important for companies to stay relevant and keep introducing innovative strategies to achieve growth. I am quite excited to take ahead the investment and fund management portfolio of the Company. I look forward to contributing to the growth of the Company”.

With over two decades of experience in fund management, research and investor communications, Mr. Sangoi had worked with many reputed companies in financial services which include names such as Aditya Birla Sun Life Insurance Ltd., Aditya Birla Sun Life Asset Management Co. Ltd., ICICI Prudential Asset Management Co. Ltd., etc.

Prior to joining Canara HSBC Oriental Bank of Commerce Life Insurance, Mr. Sangoi was associated with Aditya Birla Sun Life Insurance since August 2009 and was spearheading investment management of Equity assets and Alternate Investment Fund equity portfolio. Mr. Sangoi is a graduate in Electronics Engineering from Mumbai University and holds a post-graduate degree in Finance from Newport University.

Speaking on the appointment, Mr. Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commence Life Insurance said, “I am happy to welcome Deven to our leadership team for overseeing the investments of shareholders and policyholders funds. I am confident that Deven’s immense experience of over two decades in investment and fund management will add to the Company’s growth. I wish him a successful journey ahead with the Company and look forward to his valuable insights and expertise in fund management and Company’s growth plans”

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