Capgemini forms FS SBU

Mumbai, May 23 (UNI) Capgemini, one of the consulting, technology and outsourcing service providers, today announced the formation of its Financial Services Strategic Business Unit (FS SBU).

The core elements of the global FS SBU operating model will focus on banking, insurance, capital market and investment, to further augment the existing Capgemini disciplines of consulting, technology and outsourcing services, said the company in a release.

Executive Chairman (India) Salil Parekh said, ''The new unit will enhance employees' domain knowledge in the financial services sector. This will create a global IT services firm with unparalleled expertise in the BFSI vertical along with consulting and technology expertise.'' ''The new FS SBU organization has been designed to establish a scalable-model and help to maintain a level of premier service to our customers at all times,'' said FS SBU head Raymond Spencer.

''The new business unit will help the company to expand financial service offering across geographies and strengthen the financial services market position within North America and UK,'' added Mr Spencer.

UNI