Tuesday morning, New York-based ExlService Holdings, Inc. (EXLS), a provider of business process outsourcing services said it is announcing a few key management appointments. Current Vice Chairman and Chief Executive Officer Vikram Talwar is appointed Executive Chairman, while current President and Chief Operating Officer Rohit Kapoor has been named President and Chief Executive Officer. Additionally, Pavan Bagai is appointed as chief operating officer and Steven Gruber is named as Lead Director of the Board. The company noted that all the management changes are effective May 1, 2008.ExlService added that the key management changes will help it achieve its vision of providing a competitive edge to its clients through transformation and outsourcing of business processes. Additionally, it will project EXL as a client-focused company by bringing the leadership team closer to its clients.Most recently, Talwar served as vice chairman and chief executive officer. In his new role as executive chairman, Talwar will focus on the long term strategy and vision and will also be providing strategic advice and counsel to the chief executive officer.Prior to co-founding EXL in 1999, Talwar spent 26 years in Bank of America where he held several senior management positions. He was the Senior Vice President and Country Manager from 1989 to 1993, for the bank's operations in India. Talwar has also worked in the capacity of Chief Executive Officer CEO and Managing Director at Ernst & Young Consulting, India and as their Asia Director for the firm's Global Operate Business (Outsourcing).Most recently, Kapoor served as president and chief operating officer. In his new role as Chief Executive Officer, Kapoor will be responsible for day-to-day management and spearhead strategy and execution as well as look for new market opportunities.Prior to co-founding EXL, as a former business head at Deutsche Bank, Rohit Kapoor led a marketing team that serviced clients in Europe, the Middle East and the Indian Sub-continent. Prior to Deutsche Bank, he worked for eight years with Bank of America, five of which were in Private Banking in New York and three in Corporate Banking in India.Most recently, Bagai, who joined EXL in 2002, served as Head of Outsourcing. In his new expanded role, Bagai will be responsible for offshore delivery across all the business lines and geographies, while continuing to spearhead Outsourcing operations.Prior to that, he was responsible for building and leading the Research & Analytics business unit at EXL, a strategic growth area for the company. Bagai joined EXL after a 17-year career at Bank of America where he had senior management roles in corporate banking, finance, capital markets and trading in various markets across Asia and Europe.Additionally, EXL announced the appointment of a Lead Director of the Board. Previously chairman, Gruber is named to take on the position of Lead Director. In his new role as The Lead Director, Gruber will independently facilitate the functioning of the Board without the interference of EXL's management. Gruber also serves as Managing Partner at Oak Hill Capital Management, Inc.Further, the company named the recently appointed Rembert de Villa, currently serving as Head of Transformation, to lead Research & Analytics, Risk Advisory Services, and Value Added Services. Prior to joining EXL, De Villa was the Global Practice Leader for Strategic Services at MasterCard Advisors.In Monday's regular trading session, EXLS is trading at $22.37, up $0.70 or 3.23% on a volume of 26,380 shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.