Mr. Conrad D’Souza
Alternate Director, Non-Executive (Chairman)
HDFC Investments Ltd. India

Conrad D’Souza  has a Master’s Degree in Commerce, a Master’s Degree in Business Administration and is a Senior Executive Program (SEP) graduate of the London Business School.
He joined HDFC India in 1984. He is currently Member of Executive Management & Chief Investor Relations Officer and his responsibilities include corporate planning and budgeting, corporate finance and investor relations. He is also a Member of the Asset Liability Committee (ALCO).
He was earlier the Treasurer of HDFC and his responsibilities included resource mobilisation both domestic and international and asset liability management. He has also worked earlier in Operations and Management Services at HDFC and was also Regional Manager – Maharashtra.
As Treasurer of HDFC he was involved in fund raising initiatives including loans from multilateral agencies, syndicated loans from the international bank loan market as also placing the first MBS in the Indian market. He was also responsible for HDFC’s US $ 500 million Foreign Currency Convertible Bond and also the country’s first simultaneous issue of a Non Convertible Bond with a Warrant in the domestic markets.

Mr D’Souza has been a member of national committees to review the Introduction of Variable Rate Mortgages and for the creation of a Secondary Mortgage Market in India. He has been instrumental in setting up mortgage finance companies in Bangladesh, Egypt, Maldives and Tanzania  and is currently on the Board of Housing Development Finance Corporation PLC, Maldives and First Housing Finance (Tanzania) Limited. He is also a Director on Nations Trust Bank, Sri Lanka.
He was responsible for coordinating the HDFC Bank Project and the Infrastructure Development Finance Company (IDFC) project in India.
He has been a consultant to USAID / UNDP and IFC (Washington) and has undertaken assignments in Asia, Africa and Eastern Europe.

Ms. Renu Sud Karnad
Nominee Director, Non-Executive
HDFC Investments Ltd. India

Ms. Renu Sud Karnad, was appointed as the non-executive Director by HDFC Investments Ltd. India, on 9 September, 2008.

Ms. Karnad has more than 38 years of experience in Housing Mortgage Finance. She joined HDFC India in 1978. Having spent 20 years in various post of the Company, Ms. Karnad was instated on to the Board as Executive Director in 2000 and was re-designated as Managing Director from January 1st 2010. She is a Pravin Fellow-, Woodrow Wilson School of International Affairs, Princeton, and University, USA. She holds Master’s Degree in Economics from Delhi University and is also a Law Graduate from the University of Mumbai. Over the years, Ms. Karnad has received numerous awards and accolades.

Other appointments – Managing Director at Housing Development Finance Corp. Ltd, Mrs. Karnad is a member on the following Committees of the Board of the Bank:
• Stakeholders’ Relationship Committee
• Corporate Social Responsibility Committee (Chairperson)
• Risk Policy and Monitoring Committee (Chairperson)
• Premises Committee (Chairperson)

Mr. Asif Saeed Cheema
Alternate Director, Non-Executive
Asian Development Bank

Mr. Asif Cheema was appointed as the Alternate Director by the Asian Development Bank on April 2015.
Mr. Cheema started his career at Deutsche Bank Securities, New York as an Equity Research Associate in 1996. Before joining ADB Asif has worked in various financial institutions including J.P. Morgan Securities, New York, HSBC Investment Bank, Dubai and London, Nomura International, Dubai as Executive Director,
Corporate Finance and Investment Banking. He also has worked at Alpen Capital, Dubai, and UAE. Mr. Asif, holds a Master’s degree in Business Administration (MBA) from Yale University and course work in International Affairs from Colombia University and Bachelor of Science in accounting and finance from New York Institute of Technology, New York.

Other Appointments – Financial Institutions Investment Specialist at the Asian Development Bank.

Ms. Raheema Saleem
Managing Director

She was the Operations Director and the Company Secretary since 1 October 2014. Prior to privatisation of the Company she was the founding Managing Director. Ms. Raheema has served the Ministry of Finance and Treasury for more than 16 years at various senior positions. She hasserved as the Chairperson of the National Oil Company and Board of Director at the State Trading Organisation and also as a Board Director at HDFC before and after privatisation. She holds a Master degree in Management and Master degree in Tourism from Monash University, Australia and Bachelor’s degree of Commerce in Accounting and Marketing (Double Major) from Curtin University, Australia

Mr. Mauroof Jameel
Director
Government of Maldives

Mr. Mohamed Mauroof Jameel was appointed as a non-executive director by the Government of Maldives on 22 September 2016.

Mauroof is an architect with more than 30 years of experience in architecture, construction and management in both public and private sectors. He holds an MSc in Architecture from University of Malaya, Malaysia, a Post Graduate Diploma from University of Sheffield, UK and a Ba (Hons.) in Architecture from Manchester Metropolitan University, UK.  He is also a chartered member of the Royal Institute of British Architectural (RIBA), UK and a member of the International Council on Monuments and Sites (ICOMOS), France. Mauroof served the Maldives government in high-level posts including that of cabinet minister at the Ministry of Construction and Public Infrastructure. He was also Chairman and CEO of Hulhumale’ Development Corporation. At present he works as a consultant and continues his research on architectural heritage of Maldives.
Other appointments – Consultant/ lecturer at Maldives National University, Consultant, UNESCO Coral Stone Mosque project, Department of Heritage.
He does not hold any shares in any company in the Maldives that has or will be perceived as a conflict of interest with HDFC Plc.

Board Committees
• Audit Committee (member)
• Credit Risk Management

Mr.Nihal S. Welikala
Nominee Director
IFC

Mr. Nihal was appointed as the nominee Director by the IFC on November 2016.

Nihal is a well experienced and respected Senior Banker, having served as the 1st Sri Lankan CEO of  Citi Bank, Sri Lanka Branch and CEO of National Development Bank. Currently he works as pro bono Consultant to the Ministry of Public Enterprise Development of the Government of Sri Lanka and as team leader of the Ministry project to monitor and reform eight state owned banks. He also serves as the Chairman, AMW Capital Leasing Ltd which is owned by the Al-futaim group of Dubai. He is a Non-executive Director of National Development Bank(NDB Bank), Bartleet & Co Ltd and Bartleet Transcapital Ltd. He also work as an independent consultant in the financial sector.

Prior to his retirement in 2008, Nihal was the CEO of NDB Bank group for  nearly seven years as Chief Executive Officer and  subsequently worked for the Group as senior Adviser and  Board director until 2011. At NDB he  played a leadership role in the complex strategic repositioning of the Group from development bank to a commercial bank with an integrated project finance and capital markets business. Nihal also served as NDB’s nominee Director at MFLC, Maldives and NDB Housing, a housing bank established in 2001 by NDB, IFC, HDFC, India, ADB and FMO in Sri Lanka, which was subsequently merged in to NDB Bank.

Nihal trained as a Chartered Accountant with Ernst & Young in London. He holds a Bachelor of Law degree of the University of Sri Lanka and a Fellow member of the Institute of Chartered Accountants in England & Wales and Institute of Chartered Accountants of Sri Lanka.

Mr. Gaurav Agarwal
Nominee Director, Non-Executive
Asian Development Bank (ADB)

Mr. Agarwal has more than 20 years of working experience which includes more than 10 years of experience as a Chief Finance Officer (CFO). He began his career in 1995 as a Senior Officer-Finance at Grindwell Norton Limited, India.

At present he is the CFO at Emirates Investment Bank Pjsc, Dubai. Prior to joining Emirates Investment Bank he was the CFO of Tamweel Pjsc which is a subsidiary of Dubai Islamic Bank. Mr. Agrawal holds CFA from the Institute of Chartered Financial Analyst of India, ICWA from the Institute of Cost and Works Accountant of India, MBA from Kurukshetra University of India and Global Executive MBA from INSEAD. Mr. Agarwal has been felicitated with a Gold Medal for his MBA at Kurukshetra University.

Board Committees
• Credit Risk Management Committee
• Nomination and Remuneration Committee

Mr.Hamid Sodique
Alternate Director
Government of Maldives

Mr. Sodique was appointed as the alternate director by the Government of
Maldives on 10th April 2011.

He has over 15 years of experience in Consultation work in Project and Management area and was a member of the Maldives Pension Administration Office and served in the Investment Committee of the Board until August 2011.He started his professional career in the Maldives Monetary Authority in 2006 and since then has worked at prominent positions in well-known Organization such as UNESCO. He has executed many national and international projects on business management, strategic planning, Entrepreneurship Skills Training
and Mentoring. Mr. Sodique holds a Master Degree in Business Administration from the University of Adelaide, Australia. In addition to a Bachelor’s Degree in Business Administration from University of Brunei Darussalam.

Other appointments – Chief Executive Officer of FJS Consulting Pvt. Ltd.

Board Committees- None

He does not hold any shares in any company in the Maldives that has or will be perceived as a conflict of interest with HDFC Plc. except 1480 shares of Bank of Maldives Plc. and 145 shares of State Trading Organization.