Perot Systems Cuts UBS Project Staff

ORGANIZATION AND STRATEGY

LONDON--Perot Systems has laid off 22 people on its UBS account, two of whom are in market data. The redundancies follow a round implemented late last year, according to sources (Trading Technology Week, Dec. 10). UBS and Perot are seven years into an outsourcing contract in which Perot manages UBS’ IT and market data services globally.

Diane Scott, director of marketing and communications for Perot Systems’ Financial Services Industry Group (FISG), which handles the UBS account, confirms the

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