Following a period of integration, the GFT brand will now be used in place of the previous Rule Financial brand across all channels and across all worldwide locations. Rule Financial adds 250 business and IT consultants in London, with a further 80 in New York, Boston and Toronto, plus nearshore facilities in Poland, Spain and Costa Rica comprising 480 IT engineers, complementing GFT’s development centres in Spain and Brazil which currently have over 1,400 experts. This strong expansion of global capacities ensures that GFT can offer the fastest possible and most cost-effective implementation of IT projects in their client’s respective time-zones.
In the UK there will be a new single, combined office space for the entire GFT UK team, which will now be located at Bank, in the heart of the City of London. Plans are also underway for a single new GFT office in New York. The combination of GFT’s breadth of technical capability and Rule Financial’s capital markets experience means that GFT can deliver a wider range of services for existing and new financial services clients, with a particular focus on the regulatory challenges facing all of our clients.
GFT is one of the leading business and IT service providers for the banking sector in Europe, North and Latin America, and has been present in the UK since 2001 and in the USA since 2008. Rule Financial has delivered services for global investment banks, with its main focus on business consultancy, design and technical consultancy – delivering services for all of the world’s leading investment banks.
“The acquisition of Rule Financial has strengthened our position in the fast-growing capital markets sector,” says Ulrich Dietz, CEO of the GFT Group. “We see further strong growth potential in the field of investment banking – a raft of new regulation in the UK and USA is forcing all market participants to make radical adjustments to their processes and IT systems.”
The combined offering, means that GFT can now provide an even more comprehensive portfolio of solutions for the capital markets sector – including the necessary business consultants and IT experts. The move has been a clear win-win situation for both companies, and the time is now right to extend our global reach as a single, united GFT. As a powerful innovation partner, we aim to shape the sector’s future together.