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Banca Monte dei Paschi di Siena engages Bassilichi, Accenture To support administrative services

Friday, 29 Nov 2013 09:16am EST 

Accenture PLC:Says Banca Monte dei Paschi di Siena has signed an 18-year agreement with Bassilichi and the company to provide finance and accounting, administration, and other back-office services to the bank.Says Bassilichi and Accenture are expected to deliver a number of services through a joint venture that is 60 percent owned by Bassilichi and 40 percent owned by Accenture.Says as part of the agreement, about 1,100 Banca Monte dei Paschi di Siena employees are expected to transfer to the new venture from the bank's administrative, accounting and auxiliary division.Says Bassilichi and Accenture are expected to begin delivering services in January 2014 once the agreement, which is subject to regulatory approvals and the completion of union consultations, closes. 

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-0.87 -1.08%
10 Jul 2014