Parekh appointed DP World non-executive director | business | Hindustan Times
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Parekh appointed DP World non-executive director

business Updated: Mar 27, 2011 01:03 IST

DP World Limited has announced the appointment of Deepak Parekh as a non-executive director to its board with immediate effect.

Parekh is the Non-Executive Chairman of HDFC Ltd, India's premier housing finance institution. A chartered accountant by profession, he has been with HDFC for 32 years in the role of Chief Executive and then Executive Chairman.

Under his leadership, HDFC has grown into a diversified financial institutional including banking, asset management, life insurance.

Parekh is on the board of several leading corporations. including the Non-Executive Chairman of Infrastructure Development Finance Company (IDFC), GlaxoSmithkline Pharmaceuticals Ltd, Siemans India Ltd, Lafarge India and Wireless Network Services.

He has been a member of Indian government-appointed committees and advisory panels on matters ranging from infrastructure reform, capital markets and financial services. Parekh is an independent director and becomes the fourth independent director on the Board of DP World.

Sultan Ahmed Bin Sulayem, the Chairman of DP World's board ofd Directors, said, "I am delighted to welcome Deepak Parekh to the DP World board. I have been deeply impressed by Deepak's leadership and vision at the helm of HDFC, Transforming the company from a highly successful housing ginance knstitution to a full-service financial institution. His experience will lend further strength to our Board."