AEGON Religare Life Insurance Appoints Dr Adarsh Kishore as Independent Director

Monday, April 26, 2010

AEGON Religare Life Insurance today announced the appointment of Dr Adarsh Kishore as an Independent Director on its board.

Dr Adarsh Kishore acts as a Non-Executive Chairman of Axis Bank. He joined the Indian Administrative Service in 1969 with the Rajasthan cadre and was the Finance Secretary, Government of India from 2004 to 2006. During this period he was responsible for coordinating the preparation of the Union Budget, monitoring the implementation of the Budget announcements and expenditure management.

In the Indian Administrative Service, Dr Kishore held several important offices, including Finance Secretary and Secretary (Expenditure) in the Union Finance Ministry and Principal Secretary, Finance, in the Rajasthan Government. He also worked as the Secretary for Ministry of Heavy Industries and Public Enterprises and Secretary, Ministry of Statistics and Programme Implementation.

Dr Kishore has also worked for three years as the Executive Director representing Bangladesh, Bhutan, India and Sri Lanka in the International Monetary Fund.

AEGON Religare Life Insurance is the coming together of AEGON, an international life insurance, pension and investment company and Religare, a global financial services group.

AEGON’s businesses serve over 40 million customers in over 20 markets throughout the Americas, Europe and Asia, with major operations in the United States, the Netherlands and the United Kingdom. With headquarters in The Hague, the Netherlands, AEGON companies employ almost 30,000 people worldwide. The company’s common shares are listed on four stock exchanges: Amsterdam, London, New York and Tokyo. It manages EUR 342 billion in revenue generating investments. AEGON has more than 160 years of experience with its roots going back to 1844. It holds 26% equity in our company. http://www.aegon.com

Religare Enterprises Limited is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With over 10,000 employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors. http://www.religare.in

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