Capgemini names head of Capital Markets for UK and North America

Capgemini announced that Aloke Paskar has been named Head of 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 offshore 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.