Leo Puri, chairman of JP Morgan India, South and Southeast Asia, has been appointed to the board of Tata Sons.
Puri, 58, has more than 30 years of experience with consultancy and finance, having worked at McKinsey, Warburg Pincus and UTI Asset Management Company.
Individuals who know him closely say Puri has exhibited the capacity to manage complex circumstances in the financial services sector throughout a stretch of time and would be a significant asset to the Tata Sons board. N Chandrasekaran, director of Tata Sons, is additionally professionally well acquainted with Puri since the time he led TCS as CEO, and has been key in getting him on board, insiders said.
It isn’t as yet clear assuming that he has joined the board as a Tata Trust nominee or as an independent director.
Tata Sons board has recently seen new enlistments. Vijay Singh, vice chairman of Tata Trusts, is presently authoritatively a part of Tata Sons board, with his name being proposed and supported at the last executive meeting of the holding organization on February 11 that likewise reappointed Chandrasekaran as director for 5 years.
Tata Trusts has recently tried to strengthen its representation on the board to have superior harmony among the executives and shareholder representations.
Puri is supposed to bring in finance-related expertise to the board, an insider said. Bunch CFO Sourav Agarwal is likewise on the board.