Thomson wins HSBC, Bear Stearns contracts
20 December 2004 | 5905 views | 0
Thomson Financial has won a three year deal with HSBC for its Thomson One product and has also secured a contract to supply Bear Stearns with a further 350 desktops.
Under the HSBC deal, the Thomson One for Investment Banking system will be rolled out the bank's global investment banking group in London, New York, Paris and Hong Kong.
Robin Osmond, co-head, global investment banking, HSBC, says the Thomson system "allows us to provide our bankers with one of the most advanced single interface global content and workflow solutions".
Bear Stearns initially deployed 250 Thomson One desktops in June 2003. The additional 350 desktops will be rolled out to investment banking staff in the US.
Steven Medley, VP and co-manager, business information group, Bear Stearns, says junior bankers have relied on several different products in the past to meet their workflow needs: "Thomson Financial's Investment Banking desktop provides a fully integrated solution ... which clearly enables our bankers to work more efficiently."
The vendor says when configured for investment banking, its Thomson One product covers the needs of the entire investment banking workflow from idea generation and prospecting, comps analysis and valuation through detailed due-diligence and client presentation. The product enables users to combine third-party resources with their own data and applications.