Syntel and JP Morgan: manager links
By Bala Shah

Over the last ten months, Techgoss had published a series of exclusive reports giving details of all that was happening inside the BPO, KPO and IT divisions of one of India’s most successful IT-ITES companies Syntel.  One report showed how that in the recent past Syntel BPO was overly reliant on couple of key clients. Also, reported were the exits of the CEO and key HR people.

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On Aug 7, a Tipster sent in a very intelligent analysis on how Syntel KP0 and JP Morgan Chase have a strong bond in terms of movement of staff from one company to another.  This insightful Tipster wrote to Techgoss

“
Syntel KPO is proving to be supplier of many experienced personnel to JP Morgan Chase (JPM). Over the past 1 year, JP Morgan has quietly lapped up seasoned Syntel KPO staff.  Syntel KPO has also gained from JP Morgan.

For one, VS Raj who joined as CEO of the Syntel State Street JV used to be Site Manager and VP Operations at JP Morgan Chase.

Syntel, in turn, has lost Rajeev Mane who moved over from Head Operations (Syntel KPO International Business) to Vice President, Global Fund Services, at JP Morgan Chase

The most recent movement from Syntel to JP Morgan (via GlobeOp Financial Services) is Subhabrata Basu who is currently a Vice President at JPM.  He used to be a Senior Manager at State Street Syntel Services.
“

According to our cluey Tipster ‘Syntel has also lost Najeeb Khan and Hiten Doshi. Syntel, on its part, has also attracted people from JPM, but given the breadth of management bandwidth JPM has, the effect of the moves from Syntel to JPM is more acutely felt.”

There is also a rumour that General Manager, State Street Syntel Services, Lilly Prasad, might also be joining JPM in Bangalore, but this is not substantiated yet.  Techogss had exclusively reported the resignation of Lilly Prasad from Syntel.

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