Rule Financial becomes GFT UK 08 January 2015London Reporter: Stephen Durham
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Rule Financial has officially become GFT UK Limited following its successful acquisition in June 2014 by GFT Group.
Following a period of integration, the GFT brand will be used in place of the previous Rule Financial brand across all channels, including a new single, combined office space for the entire GFT UK team, which will now be located in London.
GFT has been present in the UK since 2001 and in the US since 2008.
Rule Financial will contribute 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, which comprise of 480 IT engineers.
“The acquisition of Rule Financial has strengthened our position in the fast-growing capital markets sector,” said 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 US is forcing all market participants to make radical adjustments to their processes and IT systems.”
Christopher Ortiz and Gareth Richardson, joint managing directors of GFT UK, added: “Our combined offerings mean we 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 now the time is right to extend our reach as GFT. As a powerful innovation partner, we aim to shape the sector’s future together.”
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