WNS Furthers Goal of Independent, Global Board of Directors
November 14 2006 - 5:30PM
Business Wire
WNS (Holdings) Limited (NYSE:WNS), the parent company of WNS Global
Services, a leading offshore business process outsourcing (BPO)
provider, today announced that Richard Bernays on November 14,
2006, became the third independent director on its seven-member
Board. Mr. Bernays replaces Pulak Prasad, who stepped down on
November 3, 2006, after serving four years as a representative of
Warburg Pincus, WNS� majority shareholder. �WNS� strength emanates
from the strength of its leadership both at the management and
Board levels,� said Ramesh N. Shah, Chairman of WNS. �Pulak, while
working with his fellow Board members, has played an instrumental
role in helping to guide the company�s evolution from a captive
unit of British Airways to a leading BPO provider and, most
recently, in supporting the company�s successful IPO on the New
York Stock Exchange. We are grateful for his dedication and counsel
over the past four years and wish him well in all of his future
endeavors.� Mr. Shah noted that Mr. Prasad�s departure was expected
as WNS works toward its objective of building an independent and
increasingly global Board of Directors. He also emphasized the
significant expertise Mr. Bernays brings to the Board as an
influential member of the UK business community and an experienced
corporate director. �We are very pleased to welcome Richard as a
member of the Board and believe his extensive expertise � including
more than 30 years in the UK market and particularly in the
financial services sector � will be a valuable asset as WNS
continues to expand its global footprint,� he said. �We look
forward to his insights as we continue our expansion into new
geographies and further develop our Banking, Financial Services and
Insurance (BFSI) business unit.� Prior to his retirement in 2001,
Mr. Bernays, 61, filled increasingly responsible positions at Old
Mutual, plc, a London-based international financial services
company, and most recently served as Chief Executive of Old Mutual
International. Previously, he was a senior executive at Jupiter
Asset Management (1996), Hill Samuel Asset Management (1991-1996)
and Mercury Asset Management (1971-1992). Mr. Bernays currently
serves in several board roles, including as Chairman of Hermes
Pensions Management, and on the investment committees of Trinity
College, Oxford, the Save the Children Fund and the Royal College
of Obstetricians and Gynaecologists. He was educated at Eton and
Trinity College, Oxford. About WNS WNS is a leading provider of
offshore business process outsourcing, or BPO, services. We provide
comprehensive data, voice and analytical services that are
underpinned by our expertise in our target industry sectors. We
transfer the execution of the business processes of our clients,
which are typically companies located in Europe and North America,
to our delivery centers located primarily in India. We provide high
quality execution of client processes, monitor these processes
against multiple performance metrics, and seek to improve them on
an ongoing basis. Our ADSs are listed on the New York Stock
Exchange. For more information, please visit our website at
www.wnsgs.com WNS (Holdings) Limited (NYSE:WNS), the parent company
of WNS Global Services, a leading offshore business process
outsourcing (BPO) provider, today announced that Richard Bernays on
November 14, 2006, became the third independent director on its
seven-member Board. Mr. Bernays replaces Pulak Prasad, who stepped
down on November 3, 2006, after serving four years as a
representative of Warburg Pincus, WNS' majority shareholder. "WNS'
strength emanates from the strength of its leadership both at the
management and Board levels," said Ramesh N. Shah, Chairman of WNS.
"Pulak, while working with his fellow Board members, has played an
instrumental role in helping to guide the company's evolution from
a captive unit of British Airways to a leading BPO provider and,
most recently, in supporting the company's successful IPO on the
New York Stock Exchange. We are grateful for his dedication and
counsel over the past four years and wish him well in all of his
future endeavors." Mr. Shah noted that Mr. Prasad's departure was
expected as WNS works toward its objective of building an
independent and increasingly global Board of Directors. He also
emphasized the significant expertise Mr. Bernays brings to the
Board as an influential member of the UK business community and an
experienced corporate director. "We are very pleased to welcome
Richard as a member of the Board and believe his extensive
expertise - including more than 30 years in the UK market and
particularly in the financial services sector - will be a valuable
asset as WNS continues to expand its global footprint," he said.
"We look forward to his insights as we continue our expansion into
new geographies and further develop our Banking, Financial Services
and Insurance (BFSI) business unit." Prior to his retirement in
2001, Mr. Bernays, 61, filled increasingly responsible positions at
Old Mutual, plc, a London-based international financial services
company, and most recently served as Chief Executive of Old Mutual
International. Previously, he was a senior executive at Jupiter
Asset Management (1996), Hill Samuel Asset Management (1991-1996)
and Mercury Asset Management (1971-1992). Mr. Bernays currently
serves in several board roles, including as Chairman of Hermes
Pensions Management, and on the investment committees of Trinity
College, Oxford, the Save the Children Fund and the Royal College
of Obstetricians and Gynaecologists. He was educated at Eton and
Trinity College, Oxford. About WNS WNS is a leading provider of
offshore business process outsourcing, or BPO, services. We provide
comprehensive data, voice and analytical services that are
underpinned by our expertise in our target industry sectors. We
transfer the execution of the business processes of our clients,
which are typically companies located in Europe and North America,
to our delivery centers located primarily in India. We provide high
quality execution of client processes, monitor these processes
against multiple performance metrics, and seek to improve them on
an ongoing basis. Our ADSs are listed on the New York Stock
Exchange. For more information, please visit our website at
www.wnsgs.com
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