HSBC, one of the world’s largest financial sercives institutions, has renewed and extended its outsourcing relationship with Capgemini.

The relationship, which has existed for the last 17 years, will see Capgemini continue to support HSBC in several key strategic businesses, including Consumer Lending, Credit Cards, Group Consumer Finance and Insurance. Capgemini’s remit extends across all HSBC IT from legacy to modern Web-based systems used in: improving customer experience; launching new products; meeting compliance needs; and entering new geographies.

John Carr, chief operating officer at HSBC Technology Services, said: “Renewing our relationship with Capgemini accelerates the benefits of the global delivery model, paving the path for amplified productivity, predictability and speed.”

Through the renewal, HSBC is expected to use 4,500 man-years of Capgemini resources by the end of 2010.