Canara HSBC OBC Life Insurance appoints Deven Sangoi as Chief Investment Officer

Canara HSBC Oriental Bank of Commerce Life Insurance has officially appointed Deven Sangoi as its new Chief Investment Officer, effective as of June 1, 2020.

In his role, Deven Sangoi will assume responsibility for overseeing the management of the company’s investment assets, including both equity and fixed income holdings. Sangoi brings to the position an extensive background in fund management, research, and investor communications, having garnered over two decades of experience working with well-respected financial services organizations. His prior affiliations include prominent names such as Aditya Birla Sun Life Insurance Ltd., Aditya Birla Sun Life Asset Management Co. Ltd., ICICI Prudential Asset Management Co. Ltd., among others.

Before joining Canara HSBC Oriental Bank of Commerce Life Insurance, Sangoi held a significant role at Aditya Birla Sun Life Insurance, where he oversaw the management of equity assets and the alternate investment fund equity portfolio since August 2009. Sangoi’s educational background includes a bachelor’s degree in Electronic Engineering from Mumbai University, and he holds a post-graduate degree in Finance from Newport University.

Commenting on this appointment, Anuj Mathur, MD & CEO of Canara HSBC Oriental Bank of Commerce Life Insurance, expressed his satisfaction, stating, “I am pleased to welcome Deven to our leadership team, where he will oversee the management of shareholders’ and policyholders’ funds. I am confident that Deven’s extensive two-decade experience in investment and fund management will contribute significantly to the company’s growth. I wish him a successful journey ahead with the company and eagerly anticipate his valuable insights and expertise in fund management and our growth plans.”

Deven Sangoi, in response to his appointment, conveyed his delight, saying, “I am thrilled to become a part of Canara HSBC Oriental Bank of Commerce Life Insurance and am eager to participate in the company’s growth journey. In these challenging times marked by the global battle against the COVID-19 pandemic, it is essential for companies to remain relevant and introduce innovative strategies for growth. I am particularly excited to lead the investment and fund management portfolio of the company, and I am committed to contributing to its growth.”