NOIDA, India and JOHNS CREEK, Ga., Jan. 10, 2022 (GLOBE NEWSWIRE) — EbixCash Personal Restricted, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a number one worldwide provider of On-Demand software program and E-commerce providers to the insurance coverage, monetary, healthcare and e-learning industries, right now introduced the appointment of Ms. Uma Shankar, as a brand new unbiased director to the EbixCash Board. Uma is a profession banker, having retired as Government Director at Reserve Financial institution of India (RBI), after serving RBI for 37 years.
Uma is properly versed in monetary regulation, cyber safety and information analytics. She has served because the Co- Chair of the committees referring to Monetary Regulation and as a member of the Audit and Supervision teams of a number of Worldwide monetary our bodies. On the nationwide entrance, she was the Chairperson of the Standing Committees on Cyber safety and Information analytics. She was additionally the pinnacle of the interdepartmental group to discover the feasibility of introducing Central Financial institution digital forex.
Uma is presently an Impartial Director on the Boards of Karnataka Financial institution in addition to IDBI Capital Markets and Securities Ltd.
Uma brings an enormous repertoire of expertise throughout banking supervision, forex administration, city financial institution regulation, cyber safety and administration and so forth., along with greater than 20 years of board degree expertise in Authorities and Quasi-Authorities organisations. Throughout her 37-year employment with RBI, Uma was nominated as an RBI Board consultant on numerous reputed monetary establishments – Canara Financial institution, Company Financial institution, UCO Financial institution, Bharatiya Reserve Financial institution Word Mudran Pvt. Ltd. (BRBNMPL), Safety Printing and Minting Company of India Ltd. (SPMCIL) and ECGC Ltd.
Uma Shankar stated, “EbixCash has emerged as a robust participant within the monetary sector each on the B2C and B2B aspect – be it cost options, pre-paid playing cards, remittance, overseas trade, invoice funds, AEPS and so forth. on the B2C aspect after which technology-based providers like lending, wealth & asset administration, insurance coverage and so forth. for banks and monetary establishments. Having spent my complete profession within the monetary trade, I’m properly versed with the banking and BFSI trade, moreover having a deep understanding of its varied related features like know-how traits, cyber safety, forex administration, rules and administration. I’m delighted to affix the board of EbixCash and to have the ability to humbly contribute to the EbixCash efforts to convey elevated digitization to the monetary trade worldwide.”
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Robin Raina, Chairman of the Board, Ebix Inc. stated, “Uma brings a deep mix of regulatory, administration, know-how, strategic, and company governance expertise throughout the banking and monetary sector to the Board. She is seen as a number one luminary within the area of economic regulation, cyber safety, information analytics and digital forex globally – all fields related to EbixCash as we embark on our international journey. We’re excited to have her on the EbixCash Board.”
Uma is a Licensed Affiliate of the Indian Institute of Bankers (CAIIB), and has accomplished Government Training at Columbia Enterprise Faculty, New York and has additionally achieved a Masters in English.
Different EbixCash Impartial Board members
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SP Kothari – A US Citizen, S.P. Kothari is the Gordon Y Billard Professor of Accounting and Finance at MIT’s Sloan Faculty of Administration. Most lately, from 2019 to 2021 he served as Chief Economist and Director of the Division of Financial and Danger Evaluation on the US Securities and Alternate Fee. He acquired one in all India’s highest civil honors, the Padma Shri on December eighth from the President of India, for his work within the area of Economics.
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S Ravi – Ravi is presently serving because the Chairman and Director of Tourism Finance Company of India Ltd – the premier Indian Monetary Establishment, set-up to advertise tourism in India. He additionally presently serves on the boards of Aditya Birla Well being Insurance coverage Firm Ltd., Star Union Dai-ichi Life Insurance coverage Firm Ltd., Aditya Birla ARC Ltd., IIFL Asset Administration Ltd. and SBI Cost Companies Pvt. Ltd. He has served on the boards of over 40 prestigious establishments together with insurance coverage firms, numerous public sector banks and public sector enterprises like UCO financial institution, Union Financial institution, Hindustan Aeronautics Ltd., BHEL, SBI – SG World Securities Companies Pvt Ltd to call a number of. Additionally, he was appointed by Authorities of India and Reserve Financial institution of India (RBI) as Chairman of the Technical Consultants Committee for Punjab & Sind Financial institution’s Strategic Turnaround.
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Sunil Srivastav – Sunil is a profession banker, having retired as Deputy. Managing Director of the Company Accounts Group at India’s largest financial institution – State Financial institution of India (SBI), after serving the financial institution for 38 years. Sunil brings an enormous repertoire of expertise throughout the worldwide banking sector having spent a serious a part of his profession in company banking at SBI, funding banking at SBI Capital Markets Ltd., and a five-year stint at SBI’s New York workplace. Sunil is presently serving as a Senior Advisor to one in all India’s largest funding banking corporations – Edelweiss. He’s additionally serving as a Senior Advisor to the World Financial institution for his or her Vitality and Extractives program in India. Sunil can also be an Impartial Director on the boards of numerous public firms.
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Neil Eckert – Neil is presently the Chairman of Conduit Re, a UK reinsurer, that lately listed on the LSE. Mr. Eckert has been Chairman of Micro Energy Ltd, a enterprise that makes a speciality of growing and investing in small-scale different vitality initiatives and applied sciences. He’s a director of Evofem Inc. and is Non-Government Chairman of Design Expertise and Innovation Restricted, a patenting and mental property firm. He additionally served as a Non-Government Director of Arthur J Gallagher (UK) Ltd till September 2015.From 1999 till April 2005, he served as Chief Government Workplace of Brit. In 1995, he co-founded Brit as a listed funding belief firm. In 2005, Mr. Eckert based Local weather Alternate PLC and was Chief Government Officer till 2010 when the corporate was offered to InterContinental Alternate Inc.
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Pavan Bhalla – Pavan until lately served in a number of management roles at Aon Hewitt, together with Chief Government Officer of Outsourcing (offered to personal fairness for $4.8B), Chief Monetary Officer of Outsourcing and Company Controller He’s at the moment a Companion with FCM LLC, a consulting agency that serves among the largest non-public fairness corporations on the planet and is predicated in Atlanta, Georgia. Earlier than becoming a member of FCM, Pavan was President of the HR & Monetary Options enterprise at Alight, the place he led the corporate’s cloud-based HR and monetary providers platform enterprise. As Senior Vice President of Finance for international telecommunications large MCI, he helped lead the corporate out of the most important fraud and chapter in company historical past. Earlier than that, he was a Chief Monetary Officer and Controller of a number of BellSouth Company subsidiaries. Pavan has an MBA in Analytic Finance from the College of Chicago Sales space Faculty of Enterprise and an MBA in Administration Science from Simon Fraser College, Canada. He’s additionally a Licensed Public Accountant from Illinois.
About EbixCash
EbixCash is a pacesetter in home and worldwide cash remittance, overseas trade (Foreign exchange), journey, pre-paid and reward playing cards, utility funds and software program options for lending, wealth administration, bus exchanges and insurance coverage in India and different markets. EbixCash’s “Phygital” technique combines over 320,000 bodily distribution shops in India and ASEAN nations with an Omni-channel on-line digital platform. EbixCash ’s Foreign exchange operations have a management place in India with operations in 20 worldwide airports, together with Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, conducting over $4.eight billion in gross transaction worth per 12 months (pre-COVID-19). EbixCash’s inward remittance enterprise is the clear market chief in India, processing roughly $5 billion in gross annual remittance quantity (pre-COVID-19). By way of its journey portfolio of Through and Mercury, EbixCash can also be one in all Southeast Asia’s main journey exchanges with over 200,000 brokers, 25 branches and over 9,800 company purchasers, processing an estimated $2.5 billion in gross merchandise worth per 12 months (pre-COVID-19). For extra info, go to the Firm’s web site at www.ebixcash.com
About Ebix, Inc.
With 150+ workplaces throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to supply On-Demand software program and E-commerce providers to the insurance coverage, monetary, healthcare and e-learning industries. Within the Insurance coverage sector, Ebix develops and deploys all kinds of insurance coverage and reinsurance exchanges on an on-demand foundation, whereas additionally, offering Software program-as-a-Service (“SaaS”) enterprise options within the space of CRM, front-end & back-end programs, outsourced administration and danger compliance providers, world wide.
The Firm’s EbixCash Monetary trade subsidiary is a pacesetter in home and worldwide cash remittance, overseas trade (Foreign exchange), journey, pre-paid/reward playing cards, utility funds, software program options for lending, wealth administration, bus exchanges and insurance coverage in India and different worldwide markets. Ebix and its subsidiaries make use of 1000’s of domain-specific know-how professionals to supply merchandise, help and consultancy to 1000’s of shoppers on six continents. For extra info, go to the Firm’s web site at www.ebix.com
CONTACT:
Darren Joseph
678 -281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst World – 212-924-9800 or ebix@catalyst-ir.com