Board Members: Brief Profile of The Board of Directors

Introduction
HDFC Standard Life, one of India's leading private life insurance companies, offers a range of individual and
group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited
(HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial
services in the United Kingdom.
HDFC Ltd. holds 72.43% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture,
while the rest is held by others.
HDFC Standard Life's product portfolio comprises solutions, which meet various customer needs such as
Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the
plans, by adding optional benefits called riders, at a nominal price. The company currently has 32 retail and 4
group products in its portfolio, along with five optional rider benefits catering to the savings, investment,
protection and retirement needs of customers.
HDFC Standard Life continues to have one of the widest reaches among new insurance companies with 568
branches servicing customer needs in over 700 cities and towns. The company has a strong presence in its
existing markets with a base of 2,00,000 Financial Consultants.
Board Members
Brief Profile of The Board of Directors
Mr. Deepak S. Parekh is the Chairman of the Company. He is also the

Chairman and Director of Housing Development Finance Corporation
Limited (HDFC Limited). He joined HDFC Limited in a senior management
position in 1978. He was inducted as a whole-time director of HDFC
Limited in 1985 and was appointed as its Chairman in 1993. Mr. Parekh is a
Fellow of the Institute of Chartered Accountants (England & Wales).
Mr. Keki M. Mistry joined the Board of Directors of the Company in

December, 2000. He is currently the Vice Chairman and Chief Executive
Officer of HDFC Limited. He joined HDFC Limited in 1981 and became an
Executive Director in 1993. He was appointed as its Managing Director in
2000. Mr. Mistry is a Fellow of the Institute of Chartered Accountants of
India and a member of the Michigan Association of Certified Public
Accountants.
Ms. Renu S. Karnad is the Managing Director of HDFC Limited. She is a

graduate in Law and holds a Master's degree in Economics from Delhi
University. She has been employed with HDFC Limited since 1978 and was
appointed as the Executive Director in 2000 and Deputy Managing Director
in 2007. She is responsible for overseeing all aspects of lending operations
of HDFC Limited.
Mr. David Nish joined Standard Life on 1 November 2006 as Group

Finance Director and remained in that position until December 2009. He is
appointed as the Executive Europe on 1st January 2010. In 2000 he was
awarded the Scottish Business Awards Finance Director of the Year and
from 2004 to 2005 he served on the Government Employers Pension Task
Force. He is a member of the Institute of Chartered Accountants of
Scotland. He joined the Board of Directors in February 2010.
Mr. Nathan Parnaby is appointed as the Chief Executive, Europe & Asia
of Standard Life in the year 2010. Nathan joined Standard Life in 1982 as
Investment Manager, responsible for all UK net funds. He was appointed a
Director of the Standard Life Investments' board. He is a Mathematics
graduate from Oxford University and the Member of the Securities Institute.
He joined the Board of Directors in December 2009.
Mr. Norman K. Skeoch is currently the Chief Executive in Standard Life

Investments Limited and is responsible for overseeing Investment Process &
Chief Executive Officer Function. Prior to this, Mr. Skeoch was working
with M/s. James Capel & Co. holding the positions of UK Economist, Chief
Economist, Executive Director, Director of Controls and Strategy HSBS
Securities and Managing Director International Equities. He was also
responsible for Economic and Investment Strategy research produced on a
worldwide basis. Mr. Skeoch joined the Board of Directors in November
2005.
Mr. Gautam R. Divan is a practising Chartered Accountant and is a Fellow

of the Institute of Chartered Accountants of India. Mr. Divan was the
Former Chairman and Managing Committee Member of Midsnell Group
International, an International Association of Independent Accounting Firms
and has authored several papers of professional interest. Mr. Divan has wide
experience in auditing accounts of large public limited companies and
nationalised banks, financial and taxation planning of individuals and
limited companies and also has substantial experience in structuring
overseas investments to and from India.
Mr. Ranjan Pant is a global Management Consultant advising CEO/Boards
on Strategy and Change Management. Mr. Pant, until 2002 was a Partner &
Vice-President at Bain & Company, Inc., Boston, where he led the
worldwide Utility Practice. He was also Director, Corporate Business
Development at General Electric headquarters in Fairfield, USA. Mr. Pant
has an MBA from The Wharton School and BE (Honours) from Birla
Institute of Technology and Sciences.
Mr. Ravi Narain is the Managing Director & CEO of National Stock
Exchange of India Limited. Mr. Ravi Narain was a member of the core team
to set-up the Securities & Exchange Board of India (SEBI) and is also
associated with various committees of SEBI and the Reserve Bank of India
(RBI).
Mr. A. K.T. Chari has joined HDFC Standard Life as a Director on March
10, 2010. Mr. Chari has completed his Electrical Engineering from Madras
University in 1962. He is associated with Infrastructure Development
Finance Company Ltd. (IDFC) for last 11 years. Currently he is handling
project finance for infrastructure projects at IDFC. Prior to this he was
associated with Infrastructure Development Bank of India (IDBI) from 1975
to 1999.
Mr. Gerald E. Grimstone was appointed Chairman of Standard Life in

May 2007, having been Deputy Chairman since March 2006. He became a
director of the Standard Life Assurance Company in July 2003. He is also
Chairman of Candover Investments plc and was appointed as one of the
UK's Business Ambassadors by the Prime Minister in January 2009. Gerry
held senior positions within the Department of Health and Social Security
and HM Treasury until 1986. He then spent 13 years with Schroders in
London, Hong Kong and New York, and was Vice Chairman of Schroders'
worldwide investment banking activities from 1998 to 1999. He is the
Alternate Director to Mr. David Nish.
Mr. Michael G Connarty is responsible for Standard Life's investments in

life assurance Joint Ventures in India and China. He holds a degree in Law
and MBA. He has worked with Standard Life for 33 years in managerial
positions covering a number of fields such as Pensions law, International
Marketing, Operational Management, Strategy, Risk, Compliance,
Company Secretarial and Banking. He has acted as Project Manager for the
start-up project of the Company in 2000. He is the Alternate Director to Mr.
Norman K. Skeoch.
Mr. Amitabh Chaudhry is the MD and CEO of HDFC Standard Life.

Before joining HDFC Standard Life, he was the MD and CEO of Infosys
BPO and was also heading an Independent Validation Services unit in
Infosys Technologies. He started his career with Bank of America
delivering diverse roles ranging from Head of Technology Investment
Banking for Asia, Regional Finance Head for Wholesale Banking and
Global Markets and Chief Finance Officer of Bank of America (India). He
moved to Credit Lyonnais Securities in 2001 in Singapore where he headed
their investment banking franchise for South East Asia and structured
finance practice for Asia before joining Infosys BPO in 2005. Mr. Chaudhry
completed his Engineering in 1985 from Birla Institute of Technology and
Science, Pilani and MBA in 1987 from IIM, Ahmedabad.
Mr. Paresh Parasnis is the Executive Director and Chief Operating Officer
of the company. A fellow of the Institute of Chartered Accountants of India,
he has been associated with the HDFC Group since 1984. During his 16-
year tenure at HDFC Limited, he was responsible for driving and
spearheading several key initiatives. As one of the founding members of
HDFC Standard life, Mr. Parasnis has been responsible for setting up
branches, driving sales and servicing strategy, leading recruitment,
contributing to product launches and performance management system,
overseeing new business and claims settlement, customer interactions etc.

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Introduction

Brief Profile of The Board of Directors

Mr. Deepak S. Parekh is the Chairman of the Company. He is also the

Mr. Keki M. Mistry joined the Board of Directors of the Company in

Ms. Renu S. Karnad is the Managing Director of HDFC Limited. She is a

Mr. David Nish joined Standard Life on 1 November 2006 as Group

Mr. Norman K. Skeoch is currently the Chief Executive in Standard Life

Mr. Gautam R. Divan is a practising Chartered Accountant and is a Fellow

Mr. Gerald E. Grimstone was appointed Chairman of Standard Life in

Mr. Michael G Connarty is responsible for Standard Life's investments in

Mr. Amitabh Chaudhry is the MD and CEO of HDFC Standard Life.

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