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Tag: Credit Suisse

  • Mashreq chooses Jyothi Bhatula as MGN India MD

    Mashreq chooses Jyothi Bhatula as MGN India MD

    MUMBAI:  Indian women executives have been making their mark in the world of finance like never by leading banks and what have you. Now, here’s another one who has joined the pack of  women financial leaders. 
    Jyothi Bhatula has been appointed as the global head of Mashreq Global Network (MGN)  as well as managing director of MGN India,. In her new role, Jyothi will oversee the operations of MGN’s distributed workforce platform across India, Pakistan, and Egypt, ensuring it continues to deliver dynamic, high-quality talent and services to support Mashreq’s strategic, digital, and operational goals. MGN is part of the Mena-based financial services group Mashreq. 

    With a professional career spanning over 20 years, Jyothi brings extensive experience in banking and technology services. Prior to joining Mashreq, she served as the chief operating officer for UBS India Service, where she also managed India operations and the technology divisions, playing a key role in integrating Credit Suisse into UBS. Previously, Jyothi held leadership roles in Singapore and India at Credit Suisse, where she managed global programs and enhanced operational efficiencies.

    Mashreq group head of operations Mark Edwards, said: “Jyothi’s  extensive experience in banking, technology services, and leadership equips her to drive MGN’s continued evolution as a strategic enabler of Mashreq’s global operations. With her expertise and proven track record, we are confident that MGN will continue to advance as a world-class talent and services platform, enabling Mashreq to deliver innovative and sustainable solutions to its customers globally.”
     
    Added Jyothi: “Mashreq is an institution with a remarkable legacy in banking and financial services. Mashreq’s commitment to driving innovation, operational excellence, and digital transformation is truly inspiring and resonates with my professional journey. I look forward to working closely with the talented teams at MGN and Mashreq to enhance our distributed workforce platform further, ensuring it remains a strategic enabler of the bank’s global vision and growth.”

    Jyothi’s entrepreneurial spirit is also reflected in her tenure as the owner and operator of two restaurants in Mumbai. She holds a degree in electronics engineering from JNTU Hyderabad and an MBA from NUS Business School.

  • Airtel’s fixed line broadband biz under pressure as Jio enters the fray

    Airtel’s fixed line broadband biz under pressure as Jio enters the fray

    MUMBAI: More than a tenth of Airtel’s India revenue is generated through its cable business, through broadband and digital TV. And now with Reliance Jio’s entry in the cable market through its acquisition of controlling stakes in DEN Networks and Hathway cables, Airtel is very certain to face pressure in the cable industry.

    According to ET, investment banking company Credit Suisse in a note said, “The buyout of DEN Networks and Hathway Cables will give Reliance Jio Infocomm “a headstart” in the ultra-fast fibre-to-home service turf, which “we see as a real threat to Bharti’s non-mobile businesses —namely, home broadband and digital TV — which garner as much as 12 per cent of Bharti’s India revenues, excluding Bharti Infratel revenues”.

    Airtel generates as much as 17 per cent of its India operating income through home broadband and digital TV business.

    Reliance acquired a 66 per cent stake in DEN Networks and a 51.3 per cent stake in Hathway Cables last week. The deals are said to be aggregating around Rs 5,230 crore.

    As per the Swiss brokerage, Mukesh Ambani-led Reliance will gain access to 24 million cable homes and leapfrog Bharti’s modest 2.1 million fixed-line homes, very few of which have fibre connectivity. Nearly out of 24 million cable homes, 16 million reside in the top 100 cities.

    Analysts believe that Reliance Jio will have more bargaining power regarding content negotiations with broadcasters as they have access to a combination of 24 million cable homes and 252 million 4G mobile broadband customers.

    However, Japan-based financial services company; Nomura Holdings does not expect Jio’s evaluated home broadband spending of $120-140 per home to reduce drastically as “the last-mile network infrastructure of DEN and Hathway will need to be upgraded.”