| Another significant development is that GroupM India
national finance director Prashant Modi has been promoted and relocated
to Singapore in April. Modi, who currently reports to Parameshwar
will now be director, finance and admin. for South East Asia. Modi
will handle finance and admin for Malaysia, Thailand, Indonesia, Vietnam
and Philippines, apart from Singapore. He will work with MindShare
CEO South East Asia Nick Waters. Modi has been a key contributor to
managing the spectacular growth of GroupM's specialist units, and
has developed market leading practices in managing finance for consulting,
entertainment and BTL areas.
GroupM South Asia is increasingly being seen as a powerhouse of
talent by the global company, and Modi is the tenth manager to be
promoted and moved to operations in the network, outside of India
in the last few months.
As a direct result of Modi's promotion, Sridhar Ramasubramanium,
who is currently head of commercial operations at MindShare Fulcrum,
will take over as national finance director. Ramasubramanium has
built and run highly effective commercial and operations team to
manage the HLL business, and was being developed to move to this
position over the last one year.
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