MAM
WPP acquires majority stake in digital agency KKLD GmbH
MUMBAI: WPP‘s German-based marketing services network, Commarco GmbH, has acquired a majority interest in KKLD GmbH.
KKLD is a German-based digital agency that specialises in brand and digital communication strategies, creative solutions, eCommerce and social media. It is based in Berlin and employs 30 people in its offices in Germany and New York. The clients of KKLD include BMW, MINI, Baume and Mercier, Bayer and Swarovski.
According to the company, KKLD‘s unaudited revenues for the year ended 31 December 2011 were approximately $4.97 million, with gross assets at the same date of approximately $4.49 million.
This investment continues WPP‘s strategy of developing its services in fast-growing and important markets and sectors and strengthening its capabilities in digital media.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
