Milliman announced the appointment of industry veteran Mr Heerak Basu as consulting actuary, based in Mumbai.
Mr Basu is a fellow of the Institute and Faculty of Actuaries, a fellow of the Institute of Actuaries of India and a fellow of the Singapore Actuarial Society. He holds an Honours Degree in Mathematics from Cambridge University and an MBA from Strathclyde Graduate Business School. His previous roles include more than twelve years as an appointed actuary for one of India’s premier life insurers. Prior to that he spent several years as a consultant in Singapore working across multiple geographies in the region. Mr Basu has been actively involved in advising on distribution tie-ups, evaluating mergers and acquisitions, advising on investment strategies and formulating risk management strategies.
Heerak has served on the Council of the Institute of Actuaries of India and currently sits on the Appellate Authority constituted by the Government of India.