Aug 28, 2012, 03:00 ET
NEW YORK, Aug. 28, 2012 /PRNewswire/ -- Genpact Limited (NYSE: G), a global leader in business process management and technology services, today announced an agreement for supporting the financial and portfolio management processes of Abu Dhabi-based Mubadala GE Capital PJSC, a specialized commercial finance company that provides structured financing solutions to businesses including commercial lending, equipment leasing, distribution and vendor finance, and equity capital solutions.
Under the terms of the agreement, Genpact is working with Mubadala GE Capital to provide support services in the areas of finance, portfolio management, compliance and legal functions. Genpact currently supports a number of key functions within Mubadala GE Capital including treasury, reporting and reconciliations, credit reviews, reporting analytics, and monitoring, and is in discussions to provide additional analytics services to Mubadala GE Capital. Established in 2010, Mubadala GE Capital is a joint venture between Mubadala Development Company and GE Capital.
"As Mubadala GE Capital continues to grow rapidly, we recognize the importance of putting in place best-in-class processes and systems," said Ron Herman, CEO of Mubadala GE Capital. "Our company has an established relationship with Genpact, which we are pleased to build upon through this new agreement. The Genpact team that supports us has become an integral part of our business."
"We are excited to continue expanding our scope of services with a growing financial services provider in the Middle East like Mubadala GE Capital," said Tiger Tyagarajan, president and CEO, Genpact. "This engagement is critical to support our client growth plans and it reinforces our strategy of expanding our presence and growing in markets like the Middle East. Genpact's domain expertise in high-value finance processes for the banking and financial services industry will enable Mubadala GE Capital to provide enhanced services to its customers in a rapidly growing market."
About Mubadala GE Capital
Mubadala GE Capital PJSC is a specialized commercial finance company based in United Arab Emirates, which offers financial solutions to help businesses grow in rapidly evolving economic environments. We are a joint venture between Mubadala Development Company PJSC (Mubadala) and General Electric Capital Corporation (GE) and are headquartered in Abu Dhabi. Products offered by the company include commercial lending and leasing. The sectors we focus on are based on regional developments needs of the Middle East, Africa and Turkey where both Mubadala and GE has deep domain industry experience. These include power & water, oil & gas, healthcare, industry & manufacturing, transportation, aerospace and infrastructure. For future information about Mubadala GE Capital, please visit www.mubadala-ge.com.
Genpact Limited (NYSE: G), a global leader in business process management and technology services, leverages the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across their enterprise. Genpact's Smart Enterprise Processes (SEPSM) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact's Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, the company's 58,500+ professionals around the globe deliver services to its more than 600 clients from a network of 70 delivery centers across 18 countries supporting more than 30 languages. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook and LinkedIn.
For more information:
Gail Marold (Genpact Media Relations)
Barbara Tate (For Genpact U.S.)
Rupali Kathuria (For Genpact India)
Nova Ghadri (for Mubadala GE Capital)
SOURCE Genpact Limited
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