Announcement of New Chief Executive Officer of Progress and the New CFO of HSBC

Progress that is a provider of the application development as well as digital experience technologies, and also MassTLC, has declared the appointment of its Chief Executive Officer, Yogesh Gupta to the Board of Trustees of MassTLC. The Indian American CEO shall join a group of over thirty esteemed individuals. All 30 of them are said to have a huge impact on the technological ecosystem of the region. Before joining Progress, Yogesh Gupta has served as the Chief Executive Officer and President of both FatWire Software and Kaseya Inc. Furthermore, he also served as the corporate officer at the Computer Associates and was a CTO, head of the management and administration, and the chief strategy officer.

HSBC has declared the appointment of Ms. Kavita Mahtani as the CFO of HSBC North America Holdings Inc. Ms. Mahtani shall also have an oversight of the financial functions throughout the American region. Mahtani is joining HSBC after leaving Citigroup, where she had very recently served as the head of asset as well as liability management for the Citi Corporate Treasury. She has also held a number of important strategic roles at the Citigroup, such as CFO of the global corporate and also investment banking, she was also the global head of the financial planning and analysis as well as the director of investor relations. Prior to joining Citigroup in the year 2006, she had held key roles at the Merrill Lynch and Morgan Stanley. She has graduated from the Wharton School of the University, Pennsylvania and also the University of Chicago.

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