Global Investment Bank Selects CGI To Establish Capital Markets Information Technology Center

CGI Group Inc., a provider of information technology and business process services, has signed an agreement with a global investment bank to supply the information technology services associated with supporting various components of its capital markets platforms around the globe.

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CGI Group Inc., a provider of information technology and business process services, has signed an agreement with a global investment bank to supply the information technology services associated with supporting various components of its capital markets platforms around the globe. The initial two years of the contract are valued at between US$75 million and US$100 million.

CGI will establish a new center of excellence (COE) in New York City to service new and existing capital markets clients, which will initially be staffed with approximately 200 professionals, a majority of whom were former bank employees.

The launch of the Capital Markets COE in New York augments CGI’s existing wealth management and capital markets practices in Toronto and London. The combined capabilities provide the foundation for the continued growth of CGI’s capital markets practice across North America while enhancing CGI’s ability to provide the best client-prescribed mix of local and global delivery sourcing.

“CGI is pleased to welcome another global leader to our capital markets practice,” says Donna Morea, president, CGI US. “Our new center of excellence will leverage our combined technology and subject matter expertise to deliver true value to clients in the capital markets arena.”

D.C.

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