Board of Directors

Jayakumar (‘Jaya’) is a senior financial services leader with over 30 years of experience in building financial services businesses from scratch and strategically driving growth of existing businesses. During his banking career, he has contributed significantly to the development of the retail banking industry in India. While Jaya has been a consumer banker, he has a good understanding of the Insurance business as well as strong regulatory connects in that space.

In his last executive role, he served as the Managing Director & CEO of Bank of Baroda till late 2019. He joined the bank in 2015 as part of the initiative of the Government of India to get private expertise and worked in transformation of the bank and its subsidiaries. He also managed the first three-way merger of banks (Bank of Baroda, Dena Bank & Vijaya Bank) in India. He set up the centres of excellence through their subsidiary for processing, IT and analytics.

Prior to that, he worked as an entrepreneur and was a cofounder of Value Budget Housing Company, a leader in housing for low to moderate income household. Value Budget Housing pioneered the use of manufacturing approach to construction and application of form and IT technology to low cost and affordable housing. He also co-founded Home First Finance Ltd, a housing finance company licensed by NHB and provides long term purchase money mortgage loans for customers from low to moderate income household. Both these companies have contributed to pioneering effort in building demand and supply for low cost and affordable housing and are focused on serving customers at base of the pyramid and have speared-headed innovation in their respective domain.

Jaya started his career with Citibank in 1986, and during his 23 years at Citibank, he worked across consumer and commercial bank, predominantly in India (20 years) and Singapore (3 years). His last held position was CEO of Consumer Bank and Co-Head of Citibank, India but he had been part of Senior Management for Citigroup in India and Asia for over 15 years and closely involved in the development of strategy and execution across the region.

While at Citibank, he contributed to several innovations in retail banking. In addition, he was associated with the first asset securitisation in India in 1991 and the first multi-lingual biometric ATM for the financially excluded in 2006. He left Citibank in April 2008.

Jayakumar has been a changemaker all his life and continues to be involved in entrepreneurial activities in the financial services space and is currently working on his third startup. He sits on boards of several listed and non-listed companies and advises and mentors many others.

In 2018, he was awarded the ‘Banker of the Year’ by Financial Express.

A man who has worn many hats in the corporate world & raised standards of various organizations so high, that people consider him as a serial Innovator, Pioneer, Teacher, Speaker, Author, Analyst, Entrepreneur & Citizen of the World (Vasudhaiva Kutumbakam). He is not only a Chartered & Cost Accountant, Certified Internal Auditor, a Certified Financial Planner, Fraud Examiner, but also a Board Chairman, Audit Committee Chairperson, and an Independent Director at some of the country's most pre-eminent organizations. He is a global thought leader in the area of Environment, Social & Governance, and has helped pioneer Impactful concepts like IR & Innovating path to Net Zero. He has been conferred with the Global Competent Boards Designation (GCB.D) by Competent Boards Inc.. He has been awarded “Vivekananda Sustainability Award – 2022” by Vivekananda Youth Connect Foundation

Mr. Haribhakti actively promotes shared value creation and a green environment through his own enterprise, and his leadership roles as Chairman of the CSR / ESG / Sustainability committees of some of the Boards that he serves on. He has successfully established the concept of “Innovate to Zero” and technology enabling CSR / ESG / SUSTIANABILTIY which is in alignment with the idea of making the impact of every intervention focused, widespread, co-operative and far-reaching

Chartered Accountant, Honours qualification in Accounting Science from University of South Africa, Commerce degree from University of Witwatersrand, Johannesburg.   

Prior to joining Generali, Rob was with AXA Asia where he was responsible for Health & Employment Benefits, Protection, Marketing, Digital and Big Data. Before AXA Asia, Rob worked at Munich Reinsurance where he was Regional Head of Munich Health overseeing the health reinsurance and insurance businesses focused on Greater China, India, Indonesia and Japan. 

He also spent 13 years with UnitedHealth Group where he held several executive positions including Executive Vice President & CEO of UnitedHealth Asia, CEO of Portugal and Chief Operating Officer and Chief Financial Officer in its joint ventures in South Africa.  

Rob started his career as a Chartered Accountant with Coopers & Lybrand in South Africa.  

For additional information please visit his LinkedIn profile.  

Lima Alexandrova is a finance professional with over 15 years of experience in the advisory, banking, and insurance industries with significant international exposure.

Lima joined Assicurazioni Generali S.p.A. (“Generali”) in 2020 as part of the Group Chief Investment function, serving as Head of Portfolio Implementation and Investment Mandates. In this capacity, she was responsible for more than EUR 400 billion of Assets under Management of the insurance portfolio. She ensured the effective deployment and implementation of the annual strategic allocation of Generali Group through internal and external Asset Managers and monitored their subsequent performance.

In September 2024, Lima was promoted to Head of Insurance Business Performance Asia in the newly created Insurance Division. In this role, she is responsible for monitoring the business performance and initiatives within the Asia Region, working closely with country CEOs as well as the Asia Regional Office.

Prior to joining Generali, Lima worked for BlackRock Financial Markets Advisory, focusing on advisory support and portfolio optimization, which enabled her to gain significant experience in Model Risk Management framework (for both set up and implementation) as well as in regulatory strategy and stress-testing.

From 2011 to 2017, Lima covered different roles with growing responsibilities within the Risk and Finance functions of UniCredit S.p.A., the largest Italian bank and one of the largest banks within the European Union.

Lima’s career started in 2007 at the Beijing Branch of OJSC Promsvyazbank (PSB), where she supported the trade financing operations and provided risk assessment and advisory on Chinese counterparties to the Head Office.

Lima holds a Degree in Finance and Economics from St. Petersburg State University (Russia, 2007) and a Master’s in Business Administration from the Altis Business School of Catholic University in Milan (Italy, 2010). She is fully proficient in Russian, Italian, and English, and she can speak German and Mandarin at professional level.

Ms. Valentina Sarrocco was appointed as the Non-Executive Director of the Company w.e.f February 17, 2023. Ms. Valentina has almost 20 years’ of corporate and transactional lawyer experience in corporate governance matters, M&A/divestitures, general commercial, cross border transactions, insurance and project financing. Ms. Valentina has also provided pro-bono legal advice to several UN Committees and Agencies.

Ms. Valentina was a part of the International General Counsel and Head of Group Entities Corporate Matters of Assicurazioni Generali S.p.A. Prior to joining Generali Group, she worked as a Senior Associate at McDermott Will & Emery and Chiomenti respectively. Ms. Valentina is also on various Corporate Boards.

Ms. Valentina holds a Bachelor’s degree in Law and is a member of the Italian Bar. She has also done Senior Manager Program and Executive Program on M&A transactions from Italy. Ms. Valentina has also attended the Global Leadership Program STEP UP - Lifetime Partner Edition organised by IMD Business School, Zurich and has been to the Wharton School of Business, USA.

Mr. Alok Rungta is currently the Managing Director and CEO of Future Generali India Life Insurance and is instrumental in transforming the Future Generali India Life’s vision of being a lifetime partner amongst all the internal and external stakeholders.

Mr. Rungta holds more than 25 years of experience and has led executive roles across insurance companies in the Philippines, Hong Kong, and India. His deep industry knowledge of the Indian insurance market makes him a proven leader. He has spearheaded numerous strategic initiatives in the following areas:

• Leading transformational digitization initiatives within the organization
• Growing a profitable distribution operation
• Sales innovation for acquiring and retaining customers
• Cultivating a high-performing workforce by investing in employee’s growth path

Alok Rungta is a Chartered Accountant from the Institute of Chartered Accountants of India and a Bachelor in Commerce from Mumbai University.

Mr. Sharad Kumar Saxena is a distinguished technology leader with over three decades of experience in the banking and financial services industry.

He is a gold medallist in Electronics & Telecommunication Engineering from Government Engineering College, Jabalpur. He brings a rare blend of academic excellence and hands-on leadership in IT strategy, systems implementation, and technology governance. Mr. Saxena is a Certified Information System Auditor (CISA) from ISACA, USA. He is also a Certified ISO 27001 Implementer and a Certified Senior Examiner for Quality Management with the Indian Merchant's Chamber.

His career includes pivotal technology leadership roles at ICICI Bank, where he led critical functions across Corporate and Commercial Banking, Asset Products, International Banking, Credit Cards, Cash Management, Core Banking, HR Systems, CRM, and Compliance & Fraud Management. He also headed the IT Infrastructure group, overseeing networks, and led Technology Compliance, interfacing with all audits and inspections.

Mr. Saxena retired as Chief Technology Officer at Bank of Baroda in 2021. At Bank of Baroda, he played a transformative role in leading the technology integration during the historic merger of Vijaya Bank and Dena Bank with Bank of Baroda.Currently, he continues to contribute to the banking ecosystem as a Technology Advisor to UCO Bank and as an Information Technology Consultant to Indian Bank.