Investcorp adds top Indian banker to advisory board

Bahrain-based alternative investment firm Investcorp has appointed the chairman of India’s largest private sector bank to its advisory board.

Deepak Parekh joined HDFC in 1978 and has served as chairman since 1993. He is an adviser to the Indian government and has sat on committees that set policy on insurance, banking and infrastructure.

Mohammed Alardhi, Investcorp’s executive chairman, described Parekh as “someone who is globally recognised and deeply respected for his insights and guidance by both multinationals and policy makers”.

On the advisory board, Parekh joins luminaries such as Mohamed El-Erian, a former chief executive of Pimco, and Kofi Annan, the former secretary-general of the United Nations.

The advisory board meets once a year to provide guidance.

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