Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the appointment of Frederic Abecassis as the Head of Banking, Financial Services & Insurance (BFSI) Industry Sector, Southeast Asia.
In an increasingly hyperconnected world, evolving consumer behavior is driving rapid digital transformation across Southeast Asia's BFSI sector. Frederic will spearhead Wipro's BFSI business growth across this region, including Hong Kong. He will partner with and help clients achieve their core business and digital transformation goals, while realizing their topline, bottomline and ESG (Environmental, Social & Governance) ambitions. Frederic will also help strengthen Wipro's ecosystem of technology partners in the region.
A digital transformation pioneer and an expert in Financial Services (FS), Frederic brings over two decades of experience in leading strategy and business & technology consulting across Europe, the Middle East, and Asia. He has been supporting leading FS institutions to shape and deliver large transformation programs, right from strategy to execution.
"We are excited to welcome Frederic to our leadership team. Driven by digital disruptions, the BFSI industry across Southeast Asia is rapidly evolving and continues to be on a high growth trajectory. With Frederic's vast experience and deep expertise, I am confident of strengthening our position as a market leader in the region, deepening our engagement with existing clients and establishing a thriving ecosystem with our technology partners," said Badri Srinivasan, Managing Director - Southeast Asia, Wipro Limited.
"Financial Services organizations are operating in an exponentially changing world. More than ever, the industry is facing an absolute need, but also a unique opportunity, to shape the future by partnering in new ways to accelerate digital transformation, innovate, increase efficiencies, and serve both economic and societal priorities. It is a privilege to join Wipro, an organization that is not only a leading transformational partner to the world's pre-eminent FS institutions, but also a model of social good. I am excited about the journey ahead, leading our BFSI business in this diverse region that I am deeply passionate about, driving value for our clients, growing our talent base, and contributing to Wipro's growth," said Frederic Abecassis.
Prior to joining Wipro, Frederic was with Capgemini Invent, where he held various leadership roles, including FS Strategic Deals Lead in France, Head of FS Middle East, and Managing Director of Hong Kong & Southeast Asia. He holds a Masters in Management & Finance from EDHEC Business School in France. Frederic is based in Hong Kong.
Shares of Wipro Limited was last trading in BSE at Rs. 391.45 as compared to the previous close of Rs. 390.65. The total number of shares traded during the day was 435712 in over 15715 trades.
The stock hit an intraday high of Rs. 394.75 and intraday low of 387.65. The net turnover during the day was Rs. 170202775.00.