Genpact upgraded to Buy from Neutral at Citigroup Citigroup upgraded Genpact citing the recent pullback in shares and the company's potential as an acquisition candidate. The firm has an $18 price target for the stock.
Markit Genpact KYC Services registers 600+ firms, appoints CEO Markit Genpact KYC Services, the joint venture from Markit Ltd. (MRKT) and Genpact Ltd. (G) announced that more than 600 buyside firms and corporations are registered for its centralized service to streamline the management of know your customer information required by banks. Markit Genpact KYC Services also announced the appointment of Jon May as CEO. He joins Markit Genpact KYC Services from Goldman Sachs (GS) where he was a managing director and global head of client onboarding as well as head of Securities Operations and Operations Data Quality Management in India. Jon May will join Markit Genpact KYC Services in January 2015, based in London.