Phaneesh Murthy joins BPM firm Sutherland as CEO of its IT services biz

After his unceremonious exit from iGate more than seven years ago, Phaneesh Murthy, once considered the poster boy of the IT outsourcing services industry, has staged a quiet comeback.  

The former CEO of iGate, which was then a Nasdaq-listed IT services company, is learnt to have joined back-office services firm Sutherland Global Services as the CEO of IT Services and Healthcare IT Services. Though it is predominantly into business process management (BPM) services, US-headquartered Sutherland has been trying to build a strong IT services practice for some time, with limited success.  

Founded in 1986 by Dilip Vellodi, the privately-held firm employs around