Deepak Parekh joins Investcorp's international advisory board
Investcorp, a global provider and manager of alternative investment products has announce that Deepak Parekh, Chairman of HDFC Limited, a leading financial services conglomerate in India, has been appointed to the international advisory board.
Parekh began his career with EY in New York and has served in senior positions in 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.
“Investcorp is driving an ambitious phase of growth which is guided by a vision to to transform itself into one of the world’s leading diversified global alternative asset managers. In a short period of time the team has delivered a doubling of assets under management, broadened its investor base and expanded its product lines for its clients. I am truly excited to be joining the advisory board at this transformational time and look forward to working with the Investcorp management team and my fellow international advisory board members,” said Parekh.
Parekh has played a significant role in the development of the financial sector in India, playing a leading role in in the diversification of the sector into banking, asset management, insurance, real estate, and education. He has work with the Indian Government in advisory capacity and was an active member of the committees responsible for shaping policies in critical insurance, banking and infrastructure reforms.
Mohammed Alardhi, Executive Chairman of Investcorp added that it is an honour to welcome Parekh onto the international advisory board. As someone who is recognised and respected for his insights and guidance by both multinationals and policy makers, he brings a new perspective that will only enhance Investcorp’s ability to become one of the world’s leading alternative asset managers.