Shaji Farooq, Infosys's financial services head in the U.S., has resigned and joined the company's rival business group, Wipro.
Farooq had been with Infosys for more than a decade and leading the consulting and system integration for the Americas.
According to his profile on LinkedIn, he was "SVP & Head, Financial Services Americas at Infosys Technologies."
Infosys has not yet commented on the development, while a Wipro official confirmed the news and told the Business Line that Farooq had joined Wipro as a senior vice president and would spearhead the newly created "advanced technology" service line and "go-to-market transformation" businesses of the company. He will be based in New York and will report to T.K. Kurien, CEO of Wipro's IT business.
Farooq was earlier the senior principal at Diamond Management & Technology Consultants before joining Infosys. He has joined the list of the top executives, including senior board member Mohandas Pai, BPO COO Ritesh Idnani and sales head Subhash Dhar, who left the Indian IT major in the recent years.
Infosys, which once was the top IT player in India, has failed to meet its revenue guidance in the last few quarters.
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