Canara HBSC OBC Life Insurance names Deven Sangoi as CIO

Canara HBSC OBC Life Insurance names Deven Sangoi as CIO

Canara HSBC Oriental Bank of Commerce has named Deven Sangoi as its new Chief Investment Officer. The appointment will come into effect from 1st June 2020.

HSBC Oriental Bank of Commerce, a joint venture between Canara bank, HSBC Insurance (Asia Pacific) Holdings Limited and Punjab National Bank

Canara HBSC OBC Life Insurance names Deven Sangoi as CIOAs a part of his new appointment, Sangoi will be managing 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 holds a graduate degree in Electronic Engineering from Mumbai University and has a post-graduate degree in finance from Newport University.  Prior to this appointment, he was associated with Aditya Birla Sun Life Insurance Ltd, Aditya Birla Sun Life Asset Management Co. Ltd, ICICI Prudential Asset Management Co. Ltd, etc.

On his appointment, Deven Sangoi 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 further says, “I am quite excited to take the investment and fund management portfolio of the company. I look forward to contributing to the growth of the company.”

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