Arun Seth, chairman of BT India, will join the Board of GlobeOp Financial Services S.A. as an independent non-executive director.
His appointment takes effect January 1, 2008 at which time Brian Conway, managing director, TA Associates steps down, having served on the GlobeOp board since 2003. This ensures the company is fully compliant with the Combined Code on Corporate Governance and in line with the commitment given in its IPO prospectus.
For 13 years Seth has been key in establishing British Telecom as a telecoms company in India, with responsibility for operations at BT Group India and leading BT’s corporate social responsibility activity. Prior to joining BT in 1995, Seth served as senior vice president in the corporate management division of the UB Group, the Indian brewing and spirits group, based in Bangalore and Delhi.
His other corporate board memberships include Tech Mahindra and Acme Telepower, a privately-owned provider of energy management applications in India. With a special interest in education and charity, he also serves on the boards of NASSCOM, the Indian Institute of Management Lucknow and HelpAge India, the leading national charity for the elderly. He previously served on the board of trustees of Help the Aged and HelpAge International in London.
“We welcome Arun’s extensive technology sector experience and Indian business network access to the Board. GlobeOp is an established leader in business process outsourcing in financial services sector and more than 1000 of the company’s 1600 employees are based in India. We look forward to Arun’s contributions to the company’s strategy of maximizing the talent and opportunities India offers long-term. We would also like to thank Brian Conway for his services to the board and contributions in shaping the company’s strategy and development in the past four years,” says Clay Brendish, chairman, GlobeOp.
“GlobeOp’s steady growth and recent public listing is a clear signal of continued evolution and sector leadership. I look forward to the opportunity of working with the Board and leadership team of GlobeOp as they continue to innovate and realize the company’s full potential,” adds Seth.
Seth’s appointment follows those of Clay Brendish as the independent non-executive chairman and David Gelber as an independent non-executive director in June 2007.