Thu, Nov 19 02:50 PM
New Delhi, Nov 19 (ANI/Business Wire India): Headstrong, one of the world's leading IT consulting firms in the financial services industry today announced the appointment of Sandeep Sahai, President and Chief Operating Officer, as CEO of the company effective January 1, 2010.
Sandeep will be based at the firm's corporate headquarters in Virginia, USA and takes over from current CEO and erstwhile co-founder of the HCL Group, Arjun Malhotra, who will continue as Chairman of the company.
Sandeep's appointment is designed to cement and accelerate Headstrong's emergence as Wall Street's dominant IT consulting company, in light of the transformation faced by the financial services industry in general, and the securities sector in particular.
"Sandeep had spearheaded our entry into the financial services sector years ago, and I am confident he will not only ensure absolute global leadership for us in this space but also transition the company from a medium-sized niche firm to a large outsourcing corporation that will compete with the established global IT behemoths," said Arjun.
"While competitors are reducing their exposure to financial services, we continue to invest aggressively in chosen verticals, given the deluge of regulatory changes and the continual emergence of new financial products," said Sandeep.
Headstrong's strategy continues to focus on helping clients transform their fixed-cost structures to variable ones. eadstrong recently acquired mortgage processing company Lydian Data Services, making it a leading provider of correspondent loan fulfillment services. The acquisition of boutique firm iXPartners additionally boosted capabilities in middle and back-office operations to asset management institutions.
Globally, the company today has close to 3000 employees spread across 19 offices in 8 countries. Headstrong's India operations include 1500 employees and development centers in Noida, Bangalore and Hyderabad. (ANI)
Sandeep Sahai
President & COO
Mr. Sahai is the President and Chief Operating Officer of Headstrong. He was a co-founder of TechSpan, which merged with Headstrong in October 2003. Prior to that, he was the CEO of Virginia-based SkanSoft, a company focused on the financial and telecom markets.
Mr. Sahai has over 19 years of distributed consulting experience. Having started and grown companies in the US, Europe and India, he is a frequent speaker at industry conferences on offshore outsourcing as a strategic tool for IT managers. Mr. Sahai also served a 10-year tenure with the HCL group, where he helped start and grow HCL James Martin, a joint venture between HCL and James Martin & Company, focused on higher-end consulting.
Mr. Sahai has an MBA from the Indian Institute of Management, Calcutta, and an engineering degree from the Institute of Technology, Varanasi. He completed his schooling from the Doon School, Dehradun.