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|WNS Appoints Ronald Strout as Chief of Staff and Head - Americas|
NEW YORK, NY, Sep 01, 2010 (MARKETWIRE via COMTEX) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today announced that the company has appointed Ronald Strout as Chief of Staff and Head, Americas. He will represent the Group CEO's office in the Americas. Strout will accelerate WNS's renewed focus on client interactions, leadership development, creation of new offerings, market penetration of new services and driving strategic initiatives.
Strout has over three decades of experience in building and transforming businesses in large and small corporate environments as well as extensive exposure to consulting and the Financial Services industry. Previous leadership roles include the Senior Vice President at State Street Corporation and Partner / Managing Director at Bearing Point, formerly KPMG Consulting, Inc. Additionally, as Chairman of State Street Corporation's JV in India, he was closely involved in establishing a robust BPO entity serving the capital markets and custodial banking space, based out of India.
Keshav R. Murugesh, Group CEO, WNS Global Services, said, "WNS is constantly investing in its leadership pipeline to enhance horizontal, vertical and sales capabilities. Ron's impressive track record is testimony to his ability to delight clients, build and transform businesses and run key initiatives, making him the right choice for WNS."
WNS Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995This release contains forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on our current expectations, assumptions, estimates and projections about our Company and our industry. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should" and similar expressions. Those statements include, among other things, the discussions of our business strategy, industry growth potential, expansion opportunities, expectations concerning our future financial performance and growth potential, including our fiscal 2011 guidance and future profitability, our ability to generate free cash, relevant foreign currency exchange rates, and our future operations. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be materially incorrect. These factors include but are not limited to worldwide economic and business conditions; political or economic instability in the jurisdictions where we have operations; regulatory, legislative and judicial developments; our ability to attract and retain clients; technological innovation; telecommunications or technology disruptions; future regulatory actions and conditions in our operating areas; our dependence on a limited number of clients in a limited number of industries; the implications of the accounting changes and restatement of our financial statements as detailed in our annual report on Form 20-F for the fiscal year ended March 31, 2010 filed with the U.S. Securities and Exchange Commission (SEC), and any adverse developments in existing legal proceedings or the initiation of new legal proceedings; our ability to expand our business or effectively manage growth; our ability to hire and retain enough sufficiently trained employees to support our operations; negative public reaction in the US or the UK to offshore outsourcing; increasing competition in the BPO industry; our ability to successfully grow our revenue, expand our service offerings and market share and achieve accretive benefits from our acquisition of Aviva Global Services Singapore Pte. Ltd. (which we have renamed as WNS Customer Solutions (Singapore) Private Limited following our acquisition), and our master services agreement with Aviva Global Services (Management Services) Private Limited; our ability to successfully consummate strategic acquisitions; and volatility of WNS's ADS price. These and other factors are more fully discussed in our annual report on Form 20-F for the fiscal year ended March 31, 2010 filed with the SEC which is available at www.sec.gov. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans, objectives or projected financial results referred to in any of the forward-looking statements. Except as required by law, we do not undertake to release revisions of any of these forward-looking statements to reflect future events or circumstances.