Liberata – a private equity-owned provider of outsourcing services in the UK, has formed a partnership with Gecis, a technology services provider.
“There are huge untapped savings within the £3 billion UK Life and Pension servicing market,” says Tom Butler, CEO, Liberata. “This partnership harnesses the skills of Liberata’s market leading Life and Pension business with the world-class offshore capabilities of Gecis to offer a flexible solution that will unlock these savings with lower risk to our clients while offering improved service delivery.”
The aim of the partnership is to offer UK life companies and pension funds an integrated outsourcing service encompassing Liberata’s FSA-regulated systems and processes and Gecis’s technology services.
“The partnership enables us to offer a best in class solution that has all the advantages of an onshore operation whilst maximising offshore efficiencies and Gecis’s breadth of experience across areas such as Finance and Accounting, Insurance and Analytics,” explains Pramod Bhasin, President and CEO, Gecis Global.
Gecis is a joint venture between GE and private equity firms General Atlantic and Oak Hill Capital Partners that supports processes at GE and other companies in the banking, insurance, and manufacturing sectors, including finance and accounting, analytics and order-to-cash services, supply-chain management, customer service, document management, e-Learning and IT support. Gecis is headquartered near Delhi in Gurgaon, India, and has operations centres across India as well as in China, Hungary, Romania, and Mexico.