Amitabh Chaudhry, MD & CEO of Infosys BPO, is quitting his position at the firm just weeks after driving the buy of US-based outsourcing service provider McCamish Systems. Though VCCircle could not independently confirm this, a report says that Chaudhry will join HDFC Standard Life, a JV between Housing Development Finance Corp and Britain’s Standard Life Insurance. He is currently serving a three month notice period at the company.
Chaudhry, a former investment banker, joined the backoffice unit of India's second largest software exporter Infosys Technologies Ltd in 2003. He was elevated to the position of CEO in 2006 and since then the unit's revenues have increased to $316.2 million in FY09. Before joining Infosys, Chaudhry was head of the investment banking at Credit Lyonnais Securities in South East Asia and structured finance practice for Asia. He holds a bachelor's degree in engineering from the Birla Institute of Technology and Science, Pilani, and an MBA from the Indian Institute of Management, Ahmedabad.
Earlier this month Infosys BPO acquired US-based McCamish Systems, an outsourcing service provider in the insurance domain for $38 million with an additional $20 million payable on milestone-linked targets.