DP World appoints non executive director

DP World Limited announced the appointment of Mr Deepak Parekh non executive chairman of India's top housing finance institution HDFC Ltd to its board of directors, as a non executive director, with immediate effect, DNA reports.

Mr Parekh, a chartered accountant by profession, as chairman and CEO of HDFC, has led the housing finance institution to diverse areas such as banking, asset management, life insurance etc. Mr Parekh is also on the boards of several leading corporations, including Infrastructure Development Finance Company, Glaxo Smithkline Pharmaceuticals Ltd, Siemens India Ltd, Lafarge India and Wireless Network Services. Mr Parekh has also been a member of the Indian government appointed committees and advisory panels on infrastructure reform, capital markets and financial services.

Sultan Ahmed Bin Sulayem chairman of DP World's board of 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 finance institution to a full service financial institution. His experience will lend further strength to our board.”