L&T Infotech Appoints Chad Alderson as Chief Executive for its Canadian Subsidiary

L&T Infotech, a global provider of information technology services and solutions, today announced the strengthening of its leadership team in Northern America and Canada business, with the appointment of Mr. Chad Alderson as the Chief Executive for L&T Infotech Financial Services Technology Inc. (LTI FSTI).

Effective March 2015, Mr. Alderson will be responsible for the growth of the Canadian business within L&T Infotech’s overall services and product solutions offerings.

With more than 25 years of experience in IT and financial services industry, Mr. Alderson brings with him a wealth of management and leadership expertise. Prior to LTI FSTI, Mr. Alderson was the SVP and Business Group Head at Tech Mahindra based in North America. He also worked as the Executive Vice President for multiple competency groups such as the CIO and CTO at Dave + Henderson, a Northern American Financial Services Technology and Program Management company.

LTI FSTI is a wholly-owned subsidiary of L&T Infotech, is a global leader in transfer agency, fund administration, and asset management software in the Canadian investment fund sector. The software products and solutions are considered to be leaders in the transfer agency, asset management, and fund administration processing industries.

Speaking on the appointment Mr. V. K. Magapu, Managing Director, L&T Infotech, said ‘Chad joins L&T Infotech at a critical point of the company’s next growth phase and his extensive management experience and deep understanding of these markets will prove to be an invaluable asset.’

Mr. Alderson is currently serving on the Board of Directors of Bike4Tykes and has previously served on the Board of Directors at Dell and TheBankCloud.

Mr. Chad Alderson is a MBA in Technology Management from Almeda University and is currently pursuing his Certified Corporate Director (C. Dir) designation from the Degroote School of Business, McMaster University.

L&T Infotech Financial Services Technologies Inc (LTI FSTI).

L&T Infotech Financial Services Technologies Inc., a subsidiary of L&T Infotech, is a global leader in transfer agency, fund administration, and asset management software, with a long-standing history in the Canadian investment fund sector. Our foundation has been built a strong past through the creation of industry-trusted software products and solutions and an established client base that includes some of Canada’s largest financial institutions. Both, our organization and our software products and solutions are considered to be leaders in the transfer agency, asset management, and fund administration processing industries. Our dynamic group of financial and technology experts with a combination of diverse capabilities and a strong, established history producing software for the investment fund sector.

Our software products and solutions have continued to set new industry benchmarks in transfer agency and asset management solutions for more than 15 years. With more than 170 fund manufacturers on the Unitrax® system, we are committed to providing our clients with software products and solutions of the highest caliber. With each transaction processed, fund administered, and asset managed, we are continually pushing ourselves to build software and deliver services that exceed the financial industry’s requirements for the present and its demands for the future.

About L&T Infotech

L&T Infotech is a wholly-owned subsidiary of the USD 14.3 billion Larsen & Toubro (ranked 4th in the global list of Green Companies in the industrial sector by Newsweek international) which has a presence in construction, engineering, manufacturing and financial services. L&T Infotech is ranked by NASSCOM as the 6th largest software & services exporter from India and among the top 20 IT BPO employers.

L&T Infotech provides end-to-end solutions and services in Banking & Financial Services; Insurance; Energy & Process; Hi-tech & Consumer Electronics; Utilities, Engineering & Construction; Consumer Packaged Goods, Retail & Pharmaceuticals; Auto & Aerospace; Media & Entertainment; Healthcare; Plant Equipment & Industrial Machinery and Travel & Logistics; as well as Testing; Mobility; Infrastructure Management Services; BI/DW; SAP; Oracle & Microsoft; Enterprise Integration; and Manufacturing Execution Systems in addition to an innovative CIO-thought partnership program that provides a value-driven edge to clients.

Headquartered in Mumbai, India, the Company is differentiated by its unique three-pronged value proposition encompassing Business-to-IT Connect, Engage the Future and Execution Excellence. Visit: www.lntinfotech.com or email: info@lntinfotech.com