Deepak Parekh

Deepak Parekh General Information

Description

Mr. Deepak Parekh serves as the Nominee Director and the Non-Executive Chairman of the board at HDFC Life Insurance Company. He is also the Member of Internation Advisory Board at Investcorp. He also serves as the Chairman of HDFC Asset Management. He served as an Advisor at Piramal Realty. He also serves as Chairman of the Housing Development Finance Corporation. He served as a Board Member at Network18. He serves as Senior Independent Non-Executive Director at DP World. He is the Independent Director of Fairfax India. He has played a significant role in the development of the financial sector in India, playing a leading role in the diversification of the business into banking, asset management, insurance, real estate, and education. He has been a leading advisor to the government of India and was an active member of the committees that shape policy in critical insurance, banking, and infrastructure reforms. He began his career with Ernst & Young in New York and subsequently served in senior positions at Grindlays Bank and Chase Manhattan Bank. He joined HDFC in 1978 and held several senior positions before being appointed as Chairman of the Group in 1993. He is on the Boards of several leading corporations including as Non-Executive Chairman in India of Siemens Ltd, GlaxoSmithKline Pharmaceuticals Ltd, and BAE Systems India. He is involved in an advisory capacity for international organizations including the Indo-US CEO Forum, the City of London - Finance Committee, the IndoGerman Chamber of Commerce (IGCC), and the India-UK Financial Partnership (IUKFP). He has been widely recognized for his work through several awards including the Padma Bhushan in 2006; 'Bundesverdienstkreuz' - one of the highest distinctions by the Federal Republic of Germany in 2014; "Knight in the Order of the Legion of Honour," one of the highest distinctions by the French Republic in 2010; and was the first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales in 2010. He also serves on the Advisory Board of Cyril Amarchand Mangaldas. He also serves as an Advisor at Paragon Partners.