Everstone hires former Wipro co-head for IT investments
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Vaswani will be based out of Everstone’s US office and will split his time between the US and India. In addition to his leadership role at Everstone, he will also join the board of portfolio companies Servion Global Solutions, an Indian customer experience management solutions provider, and Innoveo, a developer of insurance technology based in Switzerland.
Vaswani served as co-CEO of Wipro’s IT business for 26 years before leaving the company in 2011 to join Dell India. In 2012, he took over as president of Dell's global IT services and business process outsourcing unit, where he spent four years. This was followed by a stint at IBM, leading solutions, delivery, and transformation for the global IT infrastructure unit.
“Suresh brings a wealth of global information technology expertise and experience,” said Sameer Sain, CEO of Everstone. “This partnership will strengthen our capability set in the sector as a whole, and specifically in our cross-border investment strategy.”
The appointment comes as Everstone strengthens its global capabilities. The firm reorganized its fundraising capabilities last year, appointing COO Sanjoy Chatterjee as head of business development and president of operations in the Americas. Last month it hired Suneel Kaji, previously with the private markets team at University of Texas Investment Management, as managing director in New York.
Everstone has more than $5 billion in assets under management across private equity, real estate, green infrastructure, and venture capital. The GP is currently investing its third fund, which closed at $730 million in 2015.
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