MAM
BC Patnaik takes charge as MD of LIC
Mumbai: Life Insurance Corp (LIC) of India on Friday elevated BC Patnaik to the rank of managing director. He was appointed as managing director vide government of India notification on 5 July, LIC said in a statement.
Patnaik joined LIC of India in March 1986 as a direct recruit officer. In a career span of over three decades in the organisation, Patnaik has occupied important positions and made his mark in the areas of marketing, new business, personnel, pension and group savings, and customer relationship management.
He has served as regional manager (marketing), western zonal office covering states of Maharashtra, Gujarat, and Goa. He also worked as regional manager (CRM), North Central zone and regional manager (Bancassurance) in the Eastern zone. He was senior divisional manager in charge of the Jamshedpur and Berhampur divisions of LIC of India.
Prior to this role, Patnaik was Council for Insurance Ombudsmen (CIO) Mumbai’s secretary-general. Before joining CIO, he was director at Zonal Training Centre, North Central Zone, Agra.
MAM
PwC India announces leadership change in Deals practice
Shashank Jain steps down as co-leader after nearly three decades with the firm.
MUMBAI: When one dealmaker steps off the pitch, another is ready to take the baton because in the fast-moving world of transactions, the game never really stops. PwC India has announced a leadership transition in its Deals practice, with Shashank Jain stepping down from his role as co-leader to pursue an opportunity in the industry. The practice will continue to be led by Mohit Chopra, ensuring continuity and sustained growth momentum.
PwC India partner and leader for advisory dinesh Arora paid tribute to Jain’s contributions. “We deeply appreciate the significant contributions made by Shashank over close to three decades he has spent with PwC, particularly his defining role in shaping and strengthening our Transaction Services practice in India,” he said. Arora highlighted Jain’s support for clients through some of the most complex and significant transactions in the Indian market, noting his deep technical expertise, sound judgment and nuanced understanding of the evolving M&A landscape.
The Deals practice remains a key growth driver for PwC India, and the firm expects continued expansion under Mohit Chopra’s leadership. He will continue to guide clients through complex transactions and transformational business moments, building on the strong foundation established over the years.
Reflecting on his journey, Shashank Jain said, “I have had an exceptional journey at PwC. I owe my growth and learning to the nurturing environment and leadership development that PwC provided.” He added that he had been working closely with Mohit and the larger team to ensure a smooth transition and expressed confidence that Chopra would take the Deals practice to newer heights.
From intern to respected deals leader, Shashank Jain has clearly closed many successful transactions and now, it seems, he’s ready to strike a new deal of his own.
