Business Daily from THE HINDU group of publications Thursday, May 24, 2007 ePaper |
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Info-Tech
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Announcements Money & Banking - Financial Services Capgemini forms strategic business unit for financial services Our Bureau
Pune May 23 Capgemini, a player in the consulting, technology and outsourcing services, today announced the formation of a Financial Services Strategic Business Unit (FS SBU) with Kanbay International Inc. This unit has evolved from the recent acquisition of the $1.25-billion Kanbay International. Speaking to newspersons, Mr Raymond Spencer, Head of FS SBU, and Mr Salil Parekh, Executive Chairman of Capgemini India, said that the unit has been designed to establish a scalable model and help it expand its financial services offering across geographies. It would also look at the services market position for Capgemini within North America and the UK. The global FS SBU operating model would focus on banking, insurance, capital market and investment to further augment existing Capgemini's areas. As part of the growth plan, Capgemini has revamped its training and development centre based in Pune and has a 1,52,000 sq ft training facility located within the FS SBU campus at Kanbay's location - Talawade.
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