Subir Raha, Executive Director, Oil Coordination Committee, has joined the Board of Indian Oil Corporation Ltd, as Director (Human Resources). Also, he is the Director in-charge of Information Technology, Business Development and Corporate Communications. Raha will also join the Board of Petronet LNG, a joint venture of IOC, ONGC, GAIL and BPC.

Raha graduated in Electronics and Telecommunications Engineering from Jadhavpur University. He earned his MBA from the University of Leeds, majoring in Strategic Marketing.

Raha joined Indian Oil as a management trainee in 1970. He has handled a variety of line and staff assignments in different regions and head office in supply and distribution, operations, refinery coordination, integrated LPG marketing, engineering and HRD. He was head of HR of the marketing division before taking charge of Indian Oil's northern region.

Raha is highly regarded as a professional manager in the oil industry.He has earned areputation for his skills in logistics management, LPG marketing and information technology. Highly innovative in his approach, many of the concepts developed and implemented by Raha in supply and distribution, general operations,LPG sales and operations, engineering, HRD and organisational structure, have been implemented in Indian Oil, and several have been replicated in the industry.

Dileep Madgavkar to manage new schemes in Prudential ICICI

Dileep Madgavkar, the newly appointed Head, Fixed Income, will henceforth manage the recently-launched Prudential ICICI Income Plan & Prudential ICICI Liquid Plan, the Prudential ICICI Asset Management Company. Prudential ICICI AMC is a 55:45 joint venture between Prudential UK and ICICI.

Madgavkar, an associate of the Institute of Chartered Accountants of India, has worked with Bank of America and ANZ Grindlays Bank plc in the treasury area as a treasury consultant.

Prudential UK is the largest life insurance company in the world in terms of marketcapitalisation and is one of the largest institutional investors in the UK. In India, Prudential has formed a 55:45 joint venture with ICICI called Prudential ICICI Asset Management Company for the mutual funds industry.

It also has an understanding with the same partner to jointly explore other business opportunities in the financial services sector.

Prudential Corporation, founded in 1848, is the largest life insurance company in the world, in terms of market capitalisation, and is one of Britain's biggest institutional investors, with over $200 billion of funds under management worldwide. Prudential also no stranger to Asia with over 70 years of experience in the region. At present, Prudential has operations in Singapore, Hong Kong, Malaysia, Indonesia, Thailand, Philippines and recently in India.