NEW YORK (March 8, 2010) – Insigma US will speak at the annual Sourcing Interests Group (SIG) Global Sourcing Summit to be held March 30 – April 1 in Savannah, Ga. SIG’s annual summit is known for bringing together the top minds in sourcing to discuss issues and best practices. “SIG’s annual summit is considered the premier industry event for thought leadership about strategic sourcing, and Insigma is very proud to be one of the presenters at this year’s summit,” said Peter Nag, managing director and head of Financial Services at Insigma US. 

To strengthen their competitive advantages, companies today are turning to game-changing models and new services locations. However, determining which critical processes to outsource to a strategic partner, choosing the geographic location, aligning the services with strategic objectives yet not losing control are both an art and science. Albert Ma, vice president of Information Technology at State Street Corporation, and Peter Nag of Insigma will share insight into these issues. 

They will also discuss global destinations and their differentiated value, managing the trade-off between flexibility and control in governance, and how a collaborative relationship can accelerate innovation, manage risks, and enable flexibility. Featured in their presentation will be the story of how Insigma and State Street moved beyond an outsourcing solution to address business challenges and forge a collaborative relationship that transformed State Street’s facility in China to a high-end R&D center delivering innovation to State Street. 

“We are pleased to be a member of SIG and a presenter at the upcoming global summit,” said Nag. “It is an honor for Insigma to be a member of a community of the world’s top outsourcing leaders such as IBM, Infosys, HP, and ACS.”

About SIG
Sourcing Interests Group (SIG) is a membership-driven organization comprised of sourcing and outsourcing professionals. Members are focused on improving bottom-line performance, quality and customer service through strategic sourcing/procurement and outsourcing initiatives. SIG is acknowledged by many as a world leader in providing an ongoing forum and services to assist companies in strategy development, the improvement of goods and services sourcing, and the implementation and management of corporate services through outsourcing, offshoring, insourcing and shared services.

About Albert Ma
Albert Ma, Vice President of Information Technology at State Street, joined the firm in Hong Kong in 1982. He managed the IT department of Global Trade Banking prior to relocating to Boston in 2000. As a Global Product Manager in GTB, he was responsible for a number of banking products and actively supported the sales and marketing effort in the US. He was the first employee relocated to Hangzhou, China, in 2003, acting as the chief information officer of State Street’s Hangzhou office. He worked very closely with Zhejiang University professors to grow the Hangzhou office as a core offshore development center for State Street. He relocated to Boston in 2007 and continued to support the growth of the Hangzhou office remotely. Albert holds a Master degree in Technology Management from the University of Queensland and an MBA from the University of Hull. He is an Associate of the Hong Kong Institute of Bankers and is a Certified Computer Professional with the British Computer Society UK. 

About Peter Nag
Peter Nag, Managing Director and Head of Financial Services at Insigma US, is a senior executive in investment banking with over 20 years of experience effecting transformation across divisions and geographies in the financial services sector. Peter brings extensive relationships and deep operational knowledge to form profitable alliances at the CXO level. An expert in program management, business process reengineering, resource optimization, KPO/BPO/ITO, expense management and business continuity, Peter works across geographies including India, China, Singapore, Australia, EMEA and Latin America. At Citigroup and Lehman Brothers, he led teams that set up global hubs across business divisions and spearheaded some of the largest business transformation and outsourcing deals. Peter chairs forums representing the financial services sector in consortiums, conferences, and investor calls worldwide. He holds an MBA and graduate degrees in management and engineering from Wharton/Penn Engineering, University of Pennsylvania and Rensselaer (RPI), Troy, New York.