National Bank signs C$450 million IT infrastructure services agreement with IBM
March 31, 2009
450.00 Million CAD
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.