Hitachi Payment Services has appointed Yusuf Pachmariwala as the Managing Director (MD) and Chief Executive Officer (CEO) of its subsidiary, Hitachi Cash Management Services (CMS), effective 1st April, 2025. He has succeeded Anup Neogi and will lead the company’s business growth, operational efficiency and strategic advancements in the cash management sector.
Currently serving as Director, Operations – Cash Business at Hitachi Payment Services, Pachmariwala has played a crucial role in scaling cash operations and enhancing efficiency. With the company managing over 79,000 ATMs and handling millions of digital transactions daily, his leadership is expected to strengthen its market position.
With over 25 years of experience, Pachmariwala has held key leadership roles at Tata AIA Life Insurance, HDFC Bank and StockHolding Corporation of India. At Tata AIA Life Insurance, he oversaw branch operations across over 440 locations, led business conservation efforts and spearheaded strategic initiatives. His expertise in project management, vendor management and digital transformation will be instrumental in optimising Hitachi Cash Management Services’s operational frameworks and expanding its presence in the financial services industry.
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