Dhanbad: Ashish Kumar, who once served as a Senior Branch Manager at the LIC Dhanbad branch, has been appointed the new Managing Director of LIC Mutual Fund Asset Management Ltd. His appointment effective from 26th September 2026, replacing Ravi Kumar Jha. The elevation has been welcomed by employees at the Dhanbad LIC branch, where Kumar had earlier worked.
More Than Three Decades in LIC and Investment Management
Kumar brings more than three decades of experience across investment, business operations, distribution, marketing and institutional leadership. During his career with LIC, he has handled several senior responsibilities in financial and investment related functions. His experience spans both the insurance corporation and the mutual fund business, giving him exposure to investment management as well as business operations.
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Before taking over as MD and CEO of LIC Mutual Fund, Kumar was serving as its Chief Operating Officer (COO). In that role, he was involved in operations, business efficiency and the company’s strategic objectives. Earlier, at LIC’s central office, he held senior investment related positions, including Chief (Investment) and Secretary (Investment). His latest appointment places him at the top of LIC Mutual Fund’s management at a time when investment and asset management remain important parts of the financial services sector.
From Ranchi Education to a Senior Financial Services Role
Kumar is originally from Hilsa in Nalanda district, Bihar. He completed his graduation from St. Xavier’s College, Ranchi, and later completed a Post Graduate Executive Programme from IIM Ahmedabad. His appointment has particular significance for his former colleagues in Dhanbad, where he had served as a senior branch manager. Employees of the Dhanbad LIC branch expressed their happiness and extended their best wishes to him on taking charge of the new responsibility.
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