Daily News: August 28, 2012

GE Capital Expands Relationship With Genpact


Genpact Limited 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 will 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.

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.”