Capgemini Acquires Minority Stake in Credit Agricole’s Private Banking Services Arm

Capgemini has acquired a 20% stake in technology outsourcing and banking transactions specialist Azqore, a subsidiary of Credit Agricole’s global wealth management brand Indosuez Wealth Management.  The investment is part of the two groups’ plan to set a global benchmark in technology outsourcing services and banking transactions for the wealth management sector and mid-sized universal banks. Capgemini’s investment in Azqore will enable the company to accelerate the functional and technological development of its proprietary S2i platform and expand its service offering for new customers to include services like training and specialised consulting. Meanwhile, Azqore will benefit from Capgemini’s expertise in developing digital solutions and supporting wealth management planners in their transformation.