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Capco announces appointment of Padma Parthasarathy as Capco's country manager for India

London, 28 April 2005 – Capco is pleased to announce the appointment of Padma Parthasarathy as Capco’s country manager for India. Based in Bangalore, Ms. Parthasarathy will be responsible for developing Capco’s relationships with India’s banking sector as well as increasing the client base benefiting from Capco’s extensive outsourcing/BPO capabilities and expertise, backed by its new service delivery center in Bangalore. Ms. Parthasarathy will report to Gopi Chelliah, Partner and Executive Vice President, Business Process Outsourcing and Sourcing Development.

Ms. Parthasarathy joins Capco from Perot Systems TSI (India) Ltd, where she was most recently Vice-President, Strategic Accounts and Initiatives. Among her responsibilities were the development and implementation of the company’s strategy for key account acquisition and growth and developing and managing strategic alliances. Previously, she held other senior positions including General Manager and Head, Financial Services Vertical and Head, European Business Development.

In all, Ms. Parthasarathy has more than 17 years of experience in the sourcing industry leading sizeable operations teams which serviced Tier One banking clients in Europe and North America, including Citigroup, Clearstream, Deutsche Bank, Standard Chartered and UBS. Prior to Perot Systems, Ms. Parthasarathy was Managing Partner of Aquarius Infotech, a consulting firm based in Bangalore.

Ms. Parthasarathy was educated at the University of Bombay, Mumbai, India, where she graduated with a Bachelor of Science degree in 1986, and the Indian Institute of Management, Ahmedabad, India, where she obtained an MBA with specialization in Systems and Finance in 1988.

Padma Parthasarathy said: "I look forward to my role as Capco’s country manager for India. Capco is leading the way in terms of its proposition to customers in reference data services, sourcing and business process outsourcing and has recently inaugurated its service delivery center in Bangalore, creating significant local employment opportunities."

Gopi Chelliah, Partner and Executive Vice President, Business Process Outsourcing and Sourcing Development, Capco, said: "Capco has made a key strategic commitment to provide clients with sourcing solutions that can be an extension of their operations. The appointment of Padma Parthasarathy to Capco’s leadership team – and the rapid growth of our Bangalore center – further builds our domain expertise as a leading sourcing and BPO thought leader, and services and solutions provider for our global and India banking clients."

Rob Heyvaert, Founder, Chairman and Chief Executive Officer, Capco, commented: "This is a significant appointment for Capco’s prospects in India, particularly since we have recently grown to over 100 employees in Bangalore. We are delighted to welcome Padma Parthasarathy to Capco. Padma’s experience as a leading high level consultant combined with her knowledge of the local business environment, banking and IT, operations, sourcing, and BPO strategy and delivery will bring significant benefits to Capco’s clients."