Capgemini: Capgemini acquires Quorsus to boost its capital markets service offerings

Technology services giant Capgemini on Monday acquired Quorsus, a British firm specializing in advisory services to financial institutions, for an undisclosed sum.

Based in London, the Quorsus team works across the financial ecosystem, applying its deep post-trade capital markets knowledge and delivery capabilities to assist clients with regulatory reporting, market infrastructure financial and securities processing.

Capgemini said in a statement that the acquisition will further help its capital markets clients meet not only increasing regulatory requirements, but also the need for strategic yet efficient operations throughout the deal lifecycle.

“The acquisition of Quorsus brings to our team a sought-after set of specialist expertise to strengthen our capital markets services for financial institutions,” said Anirban Bose, CEO of Capgemini’s Financial Services Strategic Business Unit.

“With Quorsus, we are further strengthening our ability to deliver end-to-end business transformation for financial services customers,” said Bose, also a member of the group’s board of directors.

Since its inception in 2019, demand for its services has seen Quorsus achieve rapid growth across a broad portfolio of clients that includes some of the largest and most important global market players, market infrastructure providers and industry associations within capital markets.

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“Our existing customers will benefit from the global scale and breadth of the Group’s services, which we believe will be essential to ensure that our customers can meet both their strategic transformation and regulatory change requirements,” said said Ryan Baccus, CEO of Quorsus.

Capgemini currently has more than 350,000 employees in more than 50 countries. The group achieved a global turnover of 18 billion euros in 2021.

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