Messed up India Transition, top management failure - Vice President - VPL Citco Employee Review

Thank you for your feedback. As you would be aware, we are in the midst of a transition. Every transition is different and there are multiple variables involved. Therefore it is crucial to have a structured and transparent framework in place in order to ensure that goals are achieved. We have been transparent in communicating on this subject with our employees. The transition methodology used in Citco is a tried and tested global framework, includes risk mitigation, has a robust governance mechanism at various stages, includes senior management involvement in hiring and decision making and allows flexibility to accommodate unique situations and requirements. The transitions team works simultaneously with business teams, divisional interfaces and senior management to ensure a smooth transition. We understand there could be some challenges during a transition and are hopeful that these would settle down in due course of time once things are streamlined. With regards to Superannuation, Citco is a paternalistic organization and hence we wanted to care for our employees even after their retirement due to which we incorporated retirement related benefits as part of our salary. We have been transparent with the structure from the time of offer and at each stage of discussion on this subject with every employee. As a part of continuous compensation review process we review our salary structure and benefits every year and try to incorporate suggestions received from employees and good market practices to make our compensation more competitive. We would encourage you to explore more internal communication channels available to you to address your specific concerns.