Praxis bolsters Retail Lending practice with Jayaraman V

06 January 2021 Consultancy.in
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Praxis Global Alliance has welcomed Jayaraman V to its ranks, a seasoned financial services expert.

Appointed a Practice Leader in the firm’s Retail Lending practice, Jayaraman will lead offerings to retail and SME lending clients on issues ranging from strategy, customer engagement and acquisition, digital transformation, operational and service excellence, and organisational effectiveness.

He brings over two decades of experience in consulting and industry to the management consulting firm. Previously, he served major non-banking financial companies including Fullerton India, Vistaar Financial, and Magma Fincorp. He has also led Accenture Credit Services within its Consulting arm while heading Commercial Servicing delivery, handling over 50 clients spread across the US and Europe. 

Praxis bolsters Retail Lending practice with Jayaraman V

“Jayaraman brings significant hands-on experience across various aspects of retail and SME lending,” said Shishir Mankad, Head of Financial Services at Praxis Global Alliance. “We look forward to leveraging Jayaraman’s hands-on and multi-faceted experience, at a time when the industry is looking to shake off its Covid-19 woes and look at growth.” 

Welcoming Jayaraman to the consultancy, Managing Director Madhur Singhal said: “We are excited to have Jayaraman come on-board, and enhance our value proposition. His rich experience of over two decades will enable us to add tremendous value to our clients in the non-banking financial space by improving productivity and efficiency.”

According to the latest data on the market, lenders have been deeply impacted by the sharp slowdown in economic activity and its consequent impact on the ability of borrowers to service their loan obligations. Helping lenders navigate the crisis and return to growth is one of Praxis’s main current focus areas in the space, as well as helping them capitalise on the major digital opportunities unfolding.

“Praxis Global Alliance has carved a unique niche for itself in the field in a very short period. I am honoured to join the firm and work together to provide actionable and sustainable solutions to marque clients.”