Canara HSBC OBC Life Insurance appoints Deven Sangoi as CIO

Canara HSBC Oriental Bank of Commerce a joint venture between Canara bank, HSBC Insurance (Asia Pacific) Holdings Limited and Punjab National Bank, has appointed Deven Sangoi as their new Chief Investment Officer with effect from 1st June 2020. He will be responsible for management of investment assets of the company, both equity and fixed income.

Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commerce Life Insurance said, “The company management is confident in the experience and exposure that Deven has in his career which will contribute to the company’s growth.”

Sangoi is a graduate in Electronic Engineering from Mumbai University and holds a post graduate degree in finance from Newport University., Sangoi has been previously associated with Aditya Birla Sun Life Insurance Ltd, Aditya Birla Sun Life Asset Management Co. Ltd, ICICI Prudential Asset Management Co. Ltd, etc.

Deven Sangoi on his appointment said, “I am delighted to be a part of Canara HSBC Oriental Bank of Commerce Life Insurance and look forward to be a part of the growth journey. In these challenging times when the whole world is fighting and evolving with Covid-19 pandemic, it is important for companies to stay relevant and keep introducing innovative strategies to achieve growth.”

Sangoi adds, “I am quite excited to take the investment and fund management portfolio of the company. I look forward to contribute to the growth of the company.”

Source: The Economic Times