Markit To Expand Workforce In India Under New Regional Head

LONDON and NOIDA, NATIONAL CAPITAL REGION, India, January 16, 2013 /PRNewswire/ --

Markit, a leading, global financial information services company, today announced that it will boost its workforce in India from 418 to as many as 600 employees by the end of 2013 under the leadership of a new regional head, Sid Banerjee.

New employees will be engaged across Markit's business, including development, testing, analytics, data mining and management.  They will be based in Markit India's new state-of-the-art offices in Noida.

Banerjee, who joined Markit in late December, has more than 20 years' experience in financial information and technology.  He joins Markit from Deutsche Bank where he held a number of roles over the past six years including Chief Operating Officer of the firm's India operations.  Previously, he worked at Hewlett-Packard e-Global Services, Polaris Software and Kotak Mahindra Capital.  Banerjee is a Chartered and Cost Accountant.

Lance Uggla, Chief Executive Officer of Markit, said: "Markit has had a presence in India since 2004 and our office in Noida is now our third largest after London and New York City.  This has allowed us to take advantage of the tremendous talent pool India has to offer and to upgrade our product development and customer support functions significantly.  Today, Markit India plays a key role in our growth strategy and in ensuring we maintain our competitive edge.  Sid is a seasoned industry specialist and is well placed to lead our expansion in the region."

Sid Banerjee, Managing Director and Head of Markit India, said:  "I am delighted to join such a dynamic international company.  Markit India is increasingly becoming a preferred destination for talented technology and operations professionals looking for a challenging opportunity in a growing company.  I look forward to expanding our presence in India and to continuing to enhance our product development and other capabilities."

Banerjee takes over as head of Markit India from Gautam Moorjani who has been appointed head of Global Product Services at Markit, based in New York.

About Markit

Markit is a leading, global financial information services company with over 2,800 employees. The company provides independent data, enterprise solutions and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information, please see http://www.markit.com.

For further information, please contact:
Caroline Lumley
Director, Corporate Communications
Markit
Email: caroline.lumley@markit.com    
Telephone: +44-20-7260-2047