Capgemini names Head of Capital Markets for North America and the UK

| Press release
New York, London - Appointment reaffirms Capgemini’s commitment to the capital markets sector

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced that Aloke Paskar has been named Head of the Capital Markets sector for North America and the UK. In his new role, Paskar will be responsible for overseeing business operations and client relationships, as well as sales and delivery. Prior to taking on this position, Paskar served as Vice President of India and China Operations for Capgemini Financial Services.

“Capgemini understands the challenges and opportunities faced by capital markets firms following the financial crisis and we are committed to growing our presence in this space,” said Aiman Ezzat, Chief Executive Officer of Capgemini’s Financial Services Global Business Unit. “With his wealth of experience in business operations and global delivery, Aloke is well positioned to help expand our capital markets capabilities.”

Paskar brings to Capgemini over 20 years of global experience in the financial services industry, including co-founding capital markets IT services company, TechSpan. He joined Capgemini in 2005 as North America delivery head for the company’s Rightshore® operating model, which aims to get the right balance of the best talent from multiple locations working as one team to create and deliver the optimum solution for business needs. In 2008, he joined Capgemini’s financial services business unit as Head of Asia Pacific before becoming the Head of Operations for India and China.

“Our capital markets clients strive to reduce operational costs and increase speed to market by optimizing their business processes, technologies and data,” said Paskar. “In today’s complex business environment, where compliance and risk management are critical, Capgemini’s broad range of solutions in areas such as data management, reconciliations and settlements and wealth management will enable our customers to address some of these critical issues both locally and globally.” 

Paskar’s appointment comes on the heels of Capgemini’s announcement of its acquisition of Strategic Systems Solutions (SSS), a global IT services and business process outsourcing firm (BPO) focused on the financial services industry.  The acquisition further strengthens Capgemini’s capabilities and presence in the capital markets sector, while expanding its client base to comprise some of the largest and most recognized financial institutions in the world.

About Capgemini

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, the Collaborative Business Experience™. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 30 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion and employs 90,000 people worldwide.

More information is available at www.capgemini.com.

About Capgemini Financial Services

Capgemini Financial Services brings deep industry experience, innovative service offerings and next generation global delivery to serve the financial services industry. With a network of 15,000 professionals serving over 900 clients worldwide, Capgemini collaborates with leading banks, insurers and capital market companies to create tangible value.

More information is available at www.capgemini.com/financialservices.

Contacts:

Lisa Boughner - Capgemini
lisa.boughner@capgemini.com
+ 1 312-451-8338

Tom Barton - Capgemini
tom.barton@capgemini.co.uk
+44 (0)870 238 2491