Rajit is a founder member of the Company and has seen it through its formative years. His current responsibilities include Customer Service and Operations, Information Technology, Human Resources, Business Excellence and Infrastructure & Facilities. He is the projectsponsor of Max Vijay, an innovative Retail business model aimed at providing protection and long term wealth creation opportunities to the underserved segments in India.

Rajit has been instrumental in building the company’s Human Capital, recruiting and retaining a strong management team, creating a positive work environment and culture and ushering “best-in-class” HR practices. Max New York Life was amongst the Top 20 Best employers in the first Great Places to Work survey, ranked 7 th in the Business Today - Mercer Best Employers study in 2008 and has also been awarded the 2009 Gallup – Great Workplace Award.

Rajit has played a strategic role in helping the company expand its distribution footprint across India including facilitating a project to “Revamp Sales processes” This entailed gathering first hand insights from customers and agents, doing 360 degree diagnostics, aligning the sales team to potential solutions and setting up mechanisms to monitor execution and progress. The project culminated in Rajit co-authoring a book titled “Growth Leadership Practices at Max New York Life”.

The Max Vijay initiative – a unique Retail Insurance endeavor was recognized with the Golden Peacock Award at London in September 2008 and Asia Insurance Industry Award – Innovation of the year at Singapore in November 2009. This year Max Vijay has also been taken up as a case study at the Wharton Business School and as a thesis subject by the Emylon Business School in France. This project entailed putting in place a viable business model, designing appropriate products, installing a robust backend process through an outsourcing arrangement with IBM, designing a Marketing strategy and recruiting a management team to take the innovation to the market. The project is in a “pilot” stage currently.

Rajit is part of the Core Strategy Team at Max New York Life, and has overseen large change management initiatives including 2 CEO transitions. Prior to Max New York Life, he was the Director – Personnel at Bank of America and has also worked with HCL. His total experience spans 24 years. At Bank of America, he was part of the team which set up the Retail Division and was also involved in managing two large exit programs including sale of the Retail division to ABN Amro Bank. He helped set up the training function for the Asia Region of the Bank.

Rajit is a graduate in Commerce, post graduate in Human Resources and has also attended an Advanced Management Program at INSEAD – France. He is the recipient of the Chairman’s Award for Excellence at Max New York Life.

Prior to his current position, Bill was Chief Executive Officer of Seguros Monterrey New York Life, S.A., a wholly owned subsidiary of New York Life Insurance Company and responsible for Fianzas Monterrey, the wholly owned bonding company. In 2006, he was named the Chief Executive Officer of Latin America for New York Life International.

Before joining New York Life, Bill was General Manager of the Singapore office for American International Group (AIG), responsible for over 6,000 agents and 500 staff. Prior to that, he was with Aetna International as the Vice President of Sales and Operations for Aetna’s Hong Kong affiliate. Previously, he held the position of Assistant Vice President of Marketing for Aetna’s Korean organization.

Bill received his B.A. in Psychology from Baldwin Wallace College in Berea, Ohio and subsequently a Master of Business Administration in Taxation from Golden Gate University. He is also a Certified Life Underwriter and Chartered Financial Consultant.

He is married to Judie and they have two daughters, Paige and Hana. Currently they reside in Connecticut.

Mr. Dick Mucci was appointed director of the company with effect from September 29, 2008.

He is chairman and chief executive officer of New York Life International and is responsible for providing the senior executive leadership of New York Life’s operations in Argentina, China, Hong Kong, India, Mexico, South Korea, Taiwan, and Thailand. He is also a member of New York Life’s Executive Management Committee, which is responsible for establishing management policies in all areas of the company’s business and affairs.

Prior to joining New York Life International in October 2007 in his current position, Mr. Mucci served as head of the Group Benefits Division at Hartford Life. Mr. Mucci also spent five years at MassMutual where he led a successful turnaround of the Disability Income Business he headed. Before that, he spent the first 23 years of his career with Paul Revere Insurance Company where he rose to the position of Executive Vice President and Chief Operating Officer.

Prior to joining New York Life International in October 2007 in his current position, Mr. Mucci served as head of the Group Benefits Division at Hartford Life. Mr. Mucci also spent five years at MassMutual where he led a successful turnaround of the Disability Income Business he headed. Before that, he spent the first 23 years of his career with Paul Revere Insurance Company where he rose to the position of Executive Vice President and Chief Operating Officer.

Dr. Omkar Goswami was appointed director of the company with effect from December 3, 2008. Dr. Goswami is the Founder and Chairman of CERG Advisory Private Limited, a corporate and economic research company. A professional economist, Dr. Goswami serves on the board of several leading Indian corporates including Dr. Reddy’s Laboratories, Infosys Technologies, Infrastructure Development Finance Company, Crompton Greaves, Cairn India Ltd., Ambuja Cement, Godrej Consumer Products and DSP Merrill Lynch Fund Managers. He has served on several government committees. Dr. Goswami did his Masters in Economics from the Delhi School of Economics and his D Phil from Oxford. He taught and researched economics for 18 years at various international and Indian universities before becoming the Editor of Business India. He has also served as the Chief Economist of the Confederation of Indian Industry, the premier apex industry organization of India. Dr. Goswami has also been a consultant to World Bank, the IMF, the Asian Development Bank and the OECD.

Other than his regular columns for newspapers and magazines, Dr. Goswami has authored three books and over 70 research papers.

Mr. Rajesh Khanna was appointed director of the company with effect from March 22, 2005. Mr. Khanna is the Managing Director of Warburg Pincus India Pvt. Ltd. (WPIPL). WPIPL is controlled by Warburg Pincus LLC, which is a major global private equity firm headquartered in New York. The firm is the largest international private equity investor in India with investments of over $900 million in the country. Mr. Khanna joined Warburg Pincus in 1995 and has been involved in investments in India and Southeast Asia. Prior to joining Warburg Pincus, he worked with Citibank N.A. and Arthur Andersen & Co. Mr. Khanna received an MBA from the Indian Institute of Management, Ahmedabad and is a Chartered Accountant.

Over the past twenty years, Marielle has built a strong track record in management consulting and business development across Europe, Asia, Australlia and New Zeland.During that time, she headed several business development teams for a large global reinsurer, worked for an international actuarial consulting firm and was the pricing actuary for a life insurance company. Most recently, she co-founded a company that specialises in strategic investment and managment consulting solutions.

As an actuary, she has had technical responsibilities encompassing both assets and liabilities, and has developed and implemented insurance and investment related solutions. She has a hands-on approach to shaping strategy and driving performance in both new and etablished markets. She has considerable experience in estabilishing and leading multi-cultural teams, with a focus on ensuring sustainable business growth and the transfer of knowledge and skills.

In terms of personal competencies, Mareille has a strong focus problem-solving and delivering effective results, she is energetic, pro-active and pragmatic. She brings a high degree of commitment and innovation to what she does.