LIC Housing Finance appointed Mr. Y. Viswanath Gowd as its Chief Operating Officer (COO). Mr. Gowd had joined parent entity LIC of India in 1988 as Direct Recruit Officer, and was since 2017 the South Eastern Regional Manager of the NBFC.

“Under his leadership South Eastern Region was the top performing Region of the Company and the loan book of the Region grew by 63%,” said LIC Housing Finance in a statement, adding: “In a career spanning over three decades in LIC of India, Mr. Gowd has made his mark in the areas of Marketing, Finance, and P&GS.”

Mr. Gowd replaces Siddhartha Mohanty, who was appointed as COO of the NBFC in April 2019. Akin to Gowd, Mohanty had also started his career with the parent entity in 1985 and was later an Executive Director before being appointed as COO. Mohanty was later in August 2019 appointed as CEO of the NBFC, after his predecessor Vinay Sah was transferred to the LIC of India.