December 23, 2008

(BUSINESS WIRE)--Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, has announced the appointment of Fred Cohen as Group Vice President, heading the company’s global Asset Management Practice.

Cohen brings more than 20 years of management experience in the finance sector, focusing on product development, business strategy and project management for large financial institutions. He will operate out of Patni’s North American headquarters in Cambridge, Mass. Patni’s Asset Management Practice works with financial services firms, including mutual fund companies, hedge funds and banks, helping them to strategically align their IT and business processes to improve efficiencies, contain costs and reduce market risks.

“We are perfectly positioned to help the financial services industry retool during these difficult times,” said Vic D’Alfonso, Senior Vice President, Financial Services, at Patni Americas. “Under Fred’s direction we will be able to further develop our asset management portfolio in a way that will enable customers to realize their business initiatives.”