Jae Hyung Kim has joined Cleartrip as President and Head of BusinessDevelopment. He will be responsible for Cleartrip’s corporate strategy, finance, M&A and overall business development. Prior to Cleartrip, Jae worked with J.P. Morgan in the US and Asia Pacific for 13 years focused on Technology and Mergers & Acquisitions, most recently serving as Co-Head of Asia Technology Investment Banking. Earlier this February Satish Mani, senior vice-president (Technology) had put in papers, leaving PKX Thomas, COO in charge of technology.
Cleartrip had recently introduced a EMI payment option which is currently available for the credit card holders of ICICI bank, HDFC bank and Standard Chartered bank. In April, Cleartrip had sold an undisclosed minority stake to Concur, for $40 million. It is also locked in a court case, facing allegations of data theft by Travelocity.