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.

Luis Roset Luis is the Regional Head of P&C, Asia. With over three decades of industry experience, Luis has extensive strategic and technical expertise in P&C business, including Health and Accident, and in recent years also in the Life business.

He has held senior leadership roles at Generali España where he was Chief Technical Officer, and most recently, Chief Insurance Officer. He also spent two years as Chief Insurance Officer for Generali Portugal.

He was non-executive member of the Board of Directors of the Generali companies (Life and NonLife) in Portugal from October 2019 to July 2020 (before integration with Tranquilidade).

Luis is qualified as an Industrial Engineer

30 years of international experience across diverse industries including global banks, telecommunication and the insurance sectors; 15 years of which have been in Corporate Finance. Blended experience encompassing finance and people agenda in leadership positions.

Roles include Asia Regional Head of a global insurance major; senior business partnering involve execution of the business strategy through selection & onboarding of C Suite leaders & Board members. Experience in execution of integration and divestiture during MnA; change management; leadership & talent development ; succession planning, organizational design & culture change enablement driving the Diversity and Inclusion agenda.

Currently she is working as ASIA REGIONAL HEAD OF HUMAN CAPITAL & ORGANISATION, ASSICURAZIONI GENERALI SPA, HONGKONG

QUALIFICATIONS

• Masters in Economics
• Masters in Management Studies

CERTIFICATIONS

• ACC accreditation with International Coaching Federation
• Financial Times Non-Executive Director Diploma holder
• Accredited Assessor for Hogan & Harrison psychometric tools

OTHER

• Mentor in the 2022 cohort of The Women’s Foundation mentoring program
• Mentor with the FT Asia Women Forum

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.

Pankaj has done his MBA from RA Podar Institute of Management, University of Rajasthan, Jaipur. Pankaj Jaju is an investment banker and the Founder & CEO of Metta Capital Advisors, a boutique investment bank with a strong practice in consumer, retail and fashion sectors. Metta Capital was ranked as the number 4 investment bank in India in CY2020 for M&A with transaction value of USD 3.4 bn.

Pankaj set up Metta Capital in 2016. Prior to this, he worked from 1994 to 2016 with Enam Securities, a leading Indian investment bank and investment house, and with Axis Capital and Axis Bank, after Axis acquired Enam.

He brings to the table a strong understanding of the banking and financial services sector in India, having worked as an investment banker at Enam and Axis Capital, and as a corporate and retail banker at Axis Bank with an over 27 years of experience in financial sector. At Enam, Pankaj built out its investment banking practice in retail, real estate and materials, and had a dominant market share in investment banking transactions in these sectors, emerging as the primary banker to most large players in these sectors.

He worked with a number of large corporates and was involved in all their strategic decisions and initiatives, as an advisor to the CEO and the founders.

At Axis, he led some large corporate relationships including the Aditya Birla Group, Godrej Group, Mahindra Group and Reliance Group during his stint in the corporate bank. He then worked with the retail bank, reporting to Shikha Sharma, then MD of Axis Bank, and Rajiv Anand, the head of the retail bank, and helped build the bank’s relationships with large e-commerce companies and fintechs as part of its digital strategy.

He is also a core volunteer with iSPIRT, a think tank that has created and evangelized IndiaStack, the digital rails that are enabling financial inclusion in India. IndiaStack includes Aadhaar, UPI, eKYC, Digilocker, eSign with the Account Aggregator framework being its fourth layer. In this pro bono role, he worked closely with some of the largest banks in India to help them adopt new technologies in partnership with startups to enable iSPIRT to achieve its objectives of democratizing credit.

Bruce de Broize is the Regional Head of Distribution for Generali Asia based in Hong Kong. He oversees Life, Health and P&C distribution for Generali’s operations across eight markets in Asia, including China, Hong Kong, Thailand, Indonesia, India, Vietnam, Malaysia and the Philippines.

Bruce has extensive distribution expertise drawn from 34 years of international experience in various senior leadership roles with major Life and P&C insurance companies in South Africa, Australia, Korea, China, Taiwan, Japan and Hong Kong. He also has deep knowledge across Asian markets, with over 22 years’ experience in the region.

Bruce has held numerous senior leadership roles in driving strategic initiatives across the Asia region in the following areas:

• Controlling and managing P/L and performance improvement
• Leading start-ups, turnarounds, business restructuring and business development initiatives
• Transforming and growing profitable distribution operations
• Acquiring and maintaining strategic partnerships
• Establishing new ventures, alliances and start-ups
• Leadership development, people renewal and performance enhancement
• Improving performance in mature and large complex organizations

Prior to joining Generali, Bruce was the Regional Chief Distribution Officer for AXA Asia, and prior to that Regional Chief Agency Officer for AIG Asia Pacific responsible for all agency business, including China. He has also held various other senior distribution leadership appointments within AIG, including leading the agency operations for AIG’s Far East Region for 5-years as the Regional Chief Agency Officer, including Japan comprising AIG’s largest agency distribution business globally.

Bruce has a Masters Degree in Business Leadership, and an Honours Degree in Economics. His interests include ultra marathon running, cycling, swimming and skiing.