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

Dr. Devi Singh is an Independent Director on the Board of the Company and a Director of the Indian Institute of Management, Lucknow. He is a renowned professor in the area of International Finance & Management.

Before joining IIML, he was the Director of Management Development Institute (MDI), Gurgaon, for over four years. He has served as a visiting professor at the Faculty of Management, McGill University, Canada for five years. He has also been part of the faculty at the International Centre for Public Enterprises, Slovenia, ESCAP Europe and SKK Graduate School of Business, Seoul.

He is an alumnus Fellow of the Institute of World Affairs, Connecticut and has taught leading business schools in India. Dr. Singh has published and presented research papers at various national/international conferences and has authored three books in the domain of Finance & Management. He has been a consultant to leading Public & Private Sector as well as multinational organisations in India.

He has received several awards including ISTE National Fellow 2007, UP Ratan 2008 and the Ishan National Award for Best Director of a Business School in 1999. He is a member of the MHRD Task Force on Faculty Shortage and Design of Performance Appraisal System, the UPSC Committee on Designing Civil Services Aptitude Test and the Founding Society for National Board of Accreditation.

Dr. Singh holds a Ph.D. in International Finance from the Indian Institute of Management (Ahmedabad).

As Regional Officer, Roberto Leonardi oversees Generali Asia’s insurance operations in both Life and Property & Casualty businesses. Rob has 25 years of experience in Life and Health businesses across Asia, Europe and South Africa.

Prior to joining Generali, he 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 the Munich Health overseeing the health reinsurance and insurance businesses with specific focus on Greater China, India, Indonesia and Japan.

He also spent 13 years with UnitedHealth International (a listed Fortune 25 company) 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. During his tenure, he turned around the Asia business and was actively involved in M&A activities in various markets across Asia.

Rob started his career as a chartered accountant with Coopers & Lybrand in South Africa. Born in Italy, Rob grew up in Denmark and South Africa and currently lives in Hong Kong.

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.

Anup Rau is presently the Managing Director & CEO of Future Generali India Insurance Company Limited (FGII). Under his leadership, the company has consistently outperformed industry and has grown in a profitable and capital efficient manner. Under Anup’s guidance FGII has broken into the Top 10 Private General Insurers. He has transformed FGII into an industry player of serious scale in the retail health space and has made it a truly employee and customer-centric organisation. Under his watch, FGII has been certified as a “Great Place to Work” for 3 years in a row. FGII has also won numerous marketing and customer service awards in the last 3 years, including the prestigious Stevie Awards for Sales and Customer Service – 2022 (2 Golds and a Bronze), World BSFI Congress and Awards – 2022 (Marketing Campaign of the Year - Health Super Saver (ROH) and Customer Centric Excellence Award), Economic Times Best Brand Awards – 2021 (BFSI Category), CMO Asia Awards (Marketing Campaign of the Year and Socially Relevant Ad Campaign), FICCI Insurance India Awards – 2021 (Best Insurance Campaign – Non Life Category), Health Marcom Awards – 2020 (multiple categories), etc.

Before joining Future Generali, Anup Rau had been associated with the insurance industry in India for over 20 years. He has worked in leadership positions across various leading insurance companies. Anup Rau is one of the very few professionals who has had the privilege of heading both, Life and Non-Life insurance companies.

Anup Rau started his career in 1995 as a Sales Engineer with Gilson Medical Electronics, Delhi. There he was responsible for the sales and service of pipettes. In 1998, he joined DCW Home products as a sales officer and was responsible for selling “Captain Cook” brand salt and flour to shopkeepers in Hooghly, West Bengal.

Anup Rau started his career in the Insurance Industry in 2000, when he joined ICICI Prudential Life Insurance as a founder member and subsequently rose through the ranks to Head - Sales & Distribution. In his ten-year stint with ICICI Prudential, he worked in a variety of roles and was deputed to various geographies. He set up over 2000 branches, Recruited and Sustained over 15,000 staff and 100,000 active agents, Spearheaded Product Development, Sales & KYC compliance. During his tenure, Anup built various business from scratch including GCC, Health and Proprietary Sales Distribution.

Anup Rau has also worked with HDFC Life Insurance as a Chief Distribution Officer. He ran a highly profitable Bancassurance channel, a strong proprietary Tied Agency channel and set-up broking, corporate agency and GCC operations which grew to leadership positions in the private space. As Chief Distribution Officer of HDFC Life he is credited with improving the company’s market position from No. 4 to No. 2 amongst Private Insurers.

In 2013, Anup joined Reliance Nippon Life as MD & CEO. During his 4 years tenure there, he increased the company’s revenue significantly with double digit (CAGR) premium growth, while the rest of the industry declined during the same period. Under his leadership, Reliance General became the largest Non-Bank Promoted Insurer in India (from 5th position earlier).

Anup was also associated with Edelweiss General Insurance Company Limited as Executive Director & CEO, where he worked between December 2016 and May 2019. During his stint, he has helped in setting up the operations of the Company and in building the core team. He developed the strategy and products and took the company “live”, delivering over 100 Crs of topline in the first full year of operations.

Anup has also received numerous awards with his most recent awards being The Economic Times Asia’s Promising Business Leaders of 2021-22, Business Leader of the Year - World BFSI Congress and Awards – 2022, CEO of the Year – BFSI (CMO Asia Awards - 2021), Business Leader of the Year - World Leadership Congress – 2021 and The Economic Times Most Promising Business Leaders of Asia Award – 2020-21.

Mr. K B Vijay Srinivas, is an insurance professional with close to four decades of experience in the field. He retired as Director and GM and also held Joint Additional charge of United India Insurance Company Ltd. as Chairman cum Managing Director. He is now a consultant, freelance writer, trainer. Mr. K B Vijay Srinivas is a member of Industry Academic Advisory Board, BIMTECH, and Advisory Council, Risk Management Association of India. He is also on the editorial Board of the Journal of Insurance Institute of India. Mr. KB Vijay Srinivas was a Chairman of Insurance Committee, East, Assocham and was on the Board of NIA and also on admin committee of III.

Mr. K B Vijay Srinivas joined United India Insurance Company in 1981 as a direct recruit officer and served at various places like Delhi, Chennai, Kolkata, Madurai etc., in various capacities encompassing almost all the different aspects of the organisation. On promotion as General Manager, he was transferred to National Insurance Company where he was the Chief Marketing Officer and in addition held charge of many other portfolios like foreign operations, crop insurance, rural insurance, publicity, CSR, estate, administration, miscellaneous insurance etc.

Mr. K B Vijay Srinivas was appointed as a Director to the Board of Directors of United India Insurance Company Ltd after a three year stint at National Insurance Company.

He Has written many articles in journals and periodicals of repute on subjects like finance, taxation, general matters, insurance, and has also co-authored a book on sales tax. He Has been a recipient of awards on many occasions from the Insurance Institute of India for essays on various topics.

After getting an honours degree in science, Mr. KB Vijay Srinivas completed LLB., and MBA, all from Delhi University. He is also an Associate Member (AIII), of the Insurance Institute of India. He Has been a speaker at various fora and a trainer for many institutes, speaking on varied subjects like marketing, finance, management, Insurance, motivation, human resources etc.

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.