Mumbai: Hitachi Cash Management Services, a subsidiary of Hitachi Payment Services, today announced a leadership transition with Yusuf Pachmariwala set to assume the role of Managing Director & Chief Executive Officer, effective April 1, 2025. Yusuf will succeed Anup Neogi, who has decided to retire from the role.
Currently serving as Director Operations – Cash Business at Hitachi Payment Services, Yusuf has played a crucial role in scaling cash business operations and achieving operational excellence through consistent, swift, and effective execution. With extensive experience in the BFSI domain, he is known as a people-focused leader with a strong track record in managing large teams and driving results. Prior to his current role, Yusuf held leadership positions with organizations including Tata AIA Life Insurance, HCL Perot Systems, HDFC Bank, and Stock Holding Corporation of India. He is a Chartered Financial Analyst (CFA) from The ICFAI and an Associate Member of the Institute of Cost and Works Accountants of India (AICWA).
Commenting on the development, Yusuf Pachmariwala said, “I am truly honoured to step into this new role and take on the responsibility of leading a talented and forward-thinking team. With a clear focus on continuous improvement, my efforts would be directed to maximize stakeholder value. At Hitachi Cash Management Services, we will continue to develop and deliver holistic and customer-centric solutions that not only meet the evolving needs of our customers but also position the company for long-term success and sustainable growth.”
Sumil Vikamsey, Managing Director & CEO – Cash Business, Hitachi Payment Services, remarked on the transition, “We are delighted to have Yusuf lead Hitachi Cash Management Services. His expertise and forward-thinking approach will play a crucial role in further strengthening the company’s market position. We are confident that with his leadership, competence and vision, Hitachi Cash Management Services will achieve even greater success.”
He further added, “Yusuf will be taking over from Anup Neogi, under whose leadership Hitachi Cash Management Services strengthened its market position, expanded reach and enhanced internal capabilities.”
