Correct Answer : Keki Mistry
The Insurance Regulatory and Development Authority (IRDAI) on 7th May 2024 approved the appointment of Keki Mistry as Chairman of HDFC Life. “We now wish to inform that IRDAI on May 7, 2024 has accorded its approval for the appointment of Keki Mistry as Chairman of the Board of the Company,” HDFC Life said in an exchange filing on May 8.
Earlier, the insurer had appointed Mistry as the Chairman of the Board as Deepak Parekh stepped down from the post. “The board has unanimously approved the appointment of Keki M Mistry as the Chairman of the Board with immediate effect subject to approval of Insurance Regulatory and Development Authority,” the company said on April 18.
Mistry is a qualified Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India. He was the Vice Chairman and CEO of Housing Development Finance Corporation (HDFC) Limited. With the amalgamation of HDFC Limited with HDFC Bank, Mistry superannuated from HDFC Limited and has been appointed as a Non-Executive Director on the Board of HDFC Bank Limited. He is also a Director on the Boards of several other prominent Companies.
He is a Member of the Primary Market Advisory committee (PMAC) constituted by the Securities and Exchange Board of India (SEBI). Mistry is currently a member of the Expert Committee constituted by SEBI for facilitating ease of doing business and harmonisation of the provisions of ICDR and LODR Regulations and is the Chairman of Working Group 1 of the Expert Committee..
Source : Money Control
