IRDAI Approves Appointment of Keki Mistry as Chairman of HDFC Life: Following Deepak Parekh’s resignation as HDFC Life Chairman, Keki Mistry has been approved by IRDAI to take up the position. Mistry, known for his extensive experience, was unanimously chosen by the board for this role. His appointment marks a significant transition for HDFC Life Insurance. With IRDAI’s approval, Mistry’s leadership is anticipated to steer HDFC Life towards continued growth and stability in the insurance sector.
IRDAI Approves Appointment of Keki Mistry as Chairman of HDFC Life
Keki Mistry’s appointment as HDFC Life Chairman comes after Deepak Parekh’s resignation. Mistry’s unanimous selection by the board underscores his credibility and expertise in the industry. With IRDAI’s nod, Mistry is now poised to lead HDFC Life towards achieving its strategic objectives and maintaining its position as a prominent player in the insurance market.
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Keki Mistry Confirmed as HDFC Life Chairman
On May 7, 2024, IRDAI officially gave the thumbs up to Keki Mistry becoming Chairman of HDFC Life. This happened after the company’s board unanimously chose Mistry for the position. He could start right away once the regulatory approval was in place.
Background of Keki Mistry in the Professional World
Keki Mistry, a Chartered Accountant and member of the Institute of Chartered Accountants of India used to be Vice Chairman and CEO of Housing Development Finance Corporation (HDFC) Limited. When HDFC merged with HDFC Bank, Mistry became a Non-Executive Director on HDFC Bank’s Board. He also holds director positions in other big companies.
Keki Mistry’s Involvement in the Industry
Mistry is involved in the industry through his membership in the Primary Market Advisory Committee (PMAC) set up by the Securities and Exchange Board of India (SEBI). He also serves on an Expert Committee formed by SEBI to simplify regulatory rules, leading Working Group 1 of this committee.
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