Transactions & Cases Detail



Transaction/Case Details

National Bank signs C$450 million IT infrastructure services agreement with IBM

DATE CLOSED

March 31, 2009

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Montreal

VALUE

450 Million CAD


OVERVIEW

On March 31, 2009, National Bank of Canada and IBM Canada Ltd signed a seven year agreement under which IBM will manage National Bank’s information technology infrastructure, including mainframe, server management and end-user services. Supporting National Bank Financial Group’s “one client, one bank” strategy, IBM will oversee a major transformation initiative to implement new server technologies, standardized processes and an integrated set of enterprise tools.

McCarthy Tétrault LLP represented National Bank of Canada in the agreement, with a team co-led by Charles Morgan and George Takach.

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