MAM
Cricket Australia loses sponsorship row against ICC
MUMBAI: Cricket Australia (CA) has lost its battle to retain a long-term corporate backer as a team sponsor for the World Cup.
Despite CA’s drawn-out fight to keep Travelex, who has supported the squad on overseas tours since 2001, the ICC decided the company was in conflict with the World Cup partners Visa and Scotia Bank.
The ICC’s Disputes Resolution Committee ruled in favour of the game’s governing body in the sponsorship dispute.
The Committee, made up of the Honourable Michael Beloff QC (chairman), the Honourable Justice Albie Sachs and Oliver Stocken, was appointed to resolve the earlier mentioned issue concerning the forthcoming ICC Cricket World Cup 2007.
The event sponsors Visa and Scotia Bank had been appointed by the ICC’s media rights partner, the Global Cricket Corporation (GCC) which is owned by News International Limited, and had been notified to all teams in June 2006.
Cricket Australia had asked for the matter to be referred to the Disputes Resolution Committee, which carefully considered all the contracts and correspondence. It found that the ICC’s refusal to approve TPL in order to protect the interests of GCC and/or the official event sponsors was correct in all the circumstances.
The Australian cricket team will now use Emirates Airlines as their team sponsor for next month’s World Cup
ICC CEO Malcolm Speed said, “The ICC is extremely pleased that this matter has been resolved ahead of the forthcoming ICC Cricket World Cup.
“The decision of the Disputes Resolution Committee creates an important precedent for future ICC events and, going forward, it will ensure that the position is clear for all stakeholders.”
CA CEO James Sutherland says, “We are disappointed that the ICC committee ruled against us. We believe we put forward a very strong case but, unfortunately, the committee decided otherwise.”
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
