HSBC extends CapGemini consulting contract

Source: Capgemini

Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, announced today a renewal of their relationship with HSBC, one of the world's largest banking and financial services organizations, for continued collaboration with HSBC's Global Technology Centers.

For the past 17 years, Capgemini has provided deep industry expertise to support HSBC in several key strategic businesses, including Consumer Lending, Credit Cards, Group Consumer Finance, and Insurance. Capgemini has worked across several technology platforms—from legacy systems to modern Web-based systems—to support and drive HSBC's business initiatives, including improving customers' experience, launching new products, meeting compliance needs, and entering new geographies. Capgemini's Rightshore footprint, which provides a responsive resourcing model, offers HSBC the right resources of the highest quality, in the right location at competitive cost. Through the renewal, HSBC may use 4,500 man-years of Capgemini resources by the end of 2010.

"We are extremely pleased to continue to service HSBC's business and engage in new opportunities in additional areas," said Roy K. Stansbury, global account lead for HSBC and head of global sales at Capgemini's Financial Services Strategic Business Unit. "By collaborating with HSBC's Global Technology Centers, we will provide HSBC with additional insights on increasing efficiency and limiting expenditures."

"Capgemini has played a pivotal role in supporting our business over the years, enabling us to achieve continued global growth," said John Carr, chief operating officer, HSBC Technology Services. "Renewing our relationship with Capgemini accelerates the benefits of the global delivery model, paving the path for amplified productivity, predictability and speed."

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