Capgemini acquires Chappuis Halder to boost financial services biz

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New Delhi, May 16 | Technology services major Capgemini on Monday said it has acquired Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm, for an undisclosed sum.

Headquartered in Luxembourg in Europe, Chappuis Halder is a nearly 150-people consulting firm, with main offices in North America, Europe, and South-East Asia, with reputation for its financial services leading expertise.

With Chappuis Halder’s specific industry focus, the acquisition will help Capgemini strengthen its capabilities to advise banking, wealth management and insurance clients in North America, Europe and South-East Asia, the company said in a statement.

“Chappuis Halder’s addition will contribute further to our in-depth expertise of Financial Services, a key condition to be able to advise and help our clients in the industry with their business transformation,” said Anirban Bose, CEO of Capgemini’s Financial Services Strategic Business Unit.

The transaction is expected to be completed within the coming months.

The acquisition will also help Capgemini’s in-demand specialist consulting services in environment, social and governance (ESG) and climate risk strategy.

“We are looking forward to being part of the Capgemini Group and to bringing our capabilities in helping clients in the financial services sector,” said Stephane Eyraud, CEO and Founder of Chappuis Halder.

Capgemini is a diverse organisation with more than 340,000 team members in more than 50 countries. The Group reported global revenues of 18 billion euros in 2021.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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