Girish Vaidya joins Infosys Leadership Institute as new VP

Girish Vaidya, Senior Vice President and business head-Finacle, the banking product division of Infosys has been promoted to senior vice-president, Infosys Leadership Institute.

Before joining Infosys in January 1999, Mr. Vaidya was with ANZ Grindlays Bank for 24 years, where he led the team which developed Management Information System (MIS) for ANZ Grindlays Bank in the mid eighties and subsequently headed the bank's technology function in South Asia.

Meanwhile, Merwin Fernandes, VP, Global Head- Sales and Marketing, Finacle has resigned from the services of the company to pursue his personal interests. Infosys has sent letters to the various banks which are its customers, notifying the change.

At the marketplace, Finacle is pitted against Indian players like i-flex, FNS of TCS as well as global players like Misys, Temenos and Metavante. It currently constitutes 4% of Infosys revenues with 91 customers with presence in 55 countries.

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