In addition, Saxo Bank shuffled its board of directors and released a set of ‘unlikely’ New Year’s predictions that could shake up global markets.
Executive Appointments at Wipro Limited
Bangalore, India-based Wipro Ltd., an information technology, consulting and business process services company, has named T.K. Kurien executive vice chairman and Abidali Neemuchwala CEO.
Kurien will continue to report to Azim Premji, Wipro Ltd. chairman, and will remain a board member through the end of March 2017, officials say. Neemuchwala also will join the board.
Both appointments are effective from the beginning of February 2016.
Prior to joining Wipro in March 2015, Neemuchwala was a Tata Consultancy vice president. Kurien has held senior posts at Wipro for approximately the past 15 years; prior to that, he was a vice president at General Electric Medical Systems, officials say.
“As executive vice chairman, T.K. will enable Abid by leveraging his deep relationships with customers and chart out a new technology roadmap for Wipro,” Chairman Premji says in a statement, in which he also notes that in his nine months as “Group President and Chief Operating Officer, Abid has effortlessly assimilated into the culture and ethos of Wipro.”
Wipro tallies its workforce at over 160,000, with clients in more than 175 cities around the world.
Saxo Sees Additions and Exits from Board
Saxo Bank, a Danish investment bank widely known for its online trading platform, has made the following changes to its board of directors:
Henrik Normann, the president and CEO of Nordic Investment Bank, who joined the Saxo board in April 2015, was elected vice chairman, while Danny Oei, characterized in a statement as a “high ranking officer at Sinar Mas Group in Shanghai, China,” which acquired a 9.9 per cent stake in Saxo Bank in July 2015, has become a board member.
At the same time, Sarah McPhee, formerly the vice chairman of the Association of Swedish insurance, “decided to step down from the board of directors to pursue other opportunities within the financial sector,” according to the statement.
Founded in 1992 and headquartered in Copenhagen, Saxo tallies 1,500 employees in 25 offices around the world.
Separately, the bank has unveiled its annual “10 Outrageous Predictions for 2016,” which it calls “unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape.”
This year’s predictions range from a Democratic landslide in November to “oil making a drastic return to $100 a barrel to Silicon Valley’s much vaunted unicorns returning to myth. Other claims include the Russian [ruble] rising 20% versus the US dollar/euro basket, the Olympics turbo-charging a Brazilian recovery and a meltdown in corporate bonds.”
The full list can be found at http://www.saxobank.com/campaigns/outrageous/
The Saxo Bank Group is an online multi-asset trading and investment specialist that offers a set of trading and investment technologies, tools and strategies, say Saxo officials. A fully licensed and regulated bank, Saxo serves private and institutional clients who want to trade multiple assets from a single margin account on multiple devices. The firm says its trading technology platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide. Founded in 1992, Saxo employs 1500 people in 25 offices across the five continents.
Need a Reprint?