CA-CIB is the corporate and investment banking arm of Credit Agricole group, the worldâ€™s fifth-largest bank in total assets and Europeâ€™s fourth-largest bank by Tier-I equity.
Under the agreement,Â Genpact will provide end-to-end IT services to the US entity of CA-CIBâ€™s business, including IT development and maintenance, production support, infrastructure management and user support including the trading floor,Â Genpact said in a statement.
GenpactÂ will provide the services from New York City and other global delivery locations in its footprint, it added.
Majority of the current IT staff of CA-CIB will become employees ofÂ Genpact and will continue to be based in New York City and a number of them will be assigned to this project, it said.
CA-CIB operates in 50 countries, employing about 12,000 employees.
â€œWith an existing strong relationship withÂ Genpact and our CA-CIB operations in Paris, we knew that Genpact was the right partner for this initiative,â€ CA-CIB Americas CEO Jean-Francois Deroche said.
Genpactâ€™s integrated IT services will help achieve business objectives, stay competitive and run smarter operations, he added. (Source:PTI)