JFS had tied up with US asset manager BlackRock to launch asset management services in India. It came at a sharp discount to the company's expectations when listed in August. The stock is down about 14 per cent, as of Monday's close.
Following the release of the second quarter results, the firm also announced the appointment of A R Ganesh as group chief technology officer, forming part of the company's senior management personnel (SMP).
Prior to this appointment, A R Ganesh had been associated with ICICI Bank for the last 13 years. In his last role, he was the chief information security officer (CISO), having overall oversight on cybersecurity. His expertise lies across cybersecurity, Enterprise IT, Service Delivery and Banking Software product management. Ganesh's career in banking and financial services spans 30 years. He also has experience in IT product development & implementation, IT consulting & pre-sales, and management of offshore delivery units and retail shared services.