Narayana Murthy to join HSBC board

Global banking giant HSBC said Infosys' Chief Mentor, Mr N R Narayana Murthy, will join its board in May with an annual remuneration of ₤65,000 (about Rs 52 lakh). "Mr N R Narayana Murthy (61) has been appointed a Director of HSBC Holdings plc with effect from May 1, 2008. He will bean independent Non-Executive Director," HSBC said in a regulatory filing. The appointment shall be for an initial three-year team.