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Eller College Home > News, Events, and Multimedia > Distinguished Speaker Series > Raymond Spencer

Distinguished Speaker Series

Raymond SpencerRaymond Spencer
Chairman of the Financial Services Business Unit

Entrepreneurial Outsourcing in a Flat World

April 15, 2009


About Raymond Spencer

Raymond Spencer is Chairman of Capgemini’s Financial Services Global Business Unit (FS GBU). Following the acquisition of Kanbay International by Capgemini in early 2007, Raymond launched and was CEO of Capgemini’s Financial Services Strategic Business Unit (FS SBU). He was a member of the Group’s General Management Board and reported to the Group CEO. Raymond brings more than thirty five years of leadership in international business, management planning, technology, finance, organizational culture and mergers and acquisitions.

Previously, Raymond was Chairman and CEO of Kanbay International, Inc. As a founder in 1989, he led Kanbay from its inception through its acquisition by Capgemini in 2007 for $1.3 billion. At that time, Kanbay had over 7,500 associates in fourteen cities across eight nations. Through Raymond’s leadership and vision, Kanbay became one of the top five performing IPO’s on the NASDAQ in 2004, and was ranked #9 on BusinessWeek's Annual “Hot Growth Companies” List in 2005. During his tenure, Raymond oversaw several successful acquisitions, including that of Adjoined Technologies, a 500-person consulting firm.

Raymond’s strength lies in driving significant change and growth through large, complex, multicultural and international projects for both big business and grassroots organizations. His organizational, cultural and leadership initiatives have benefited a wide range of multinational and Fortune 500 corporations, micro-economies and rural communities alike, in eighteen countries, including the USA, Australia, India, UK, Hong Kong, Japan and Singapore.

Previous to Kanbay, Raymond spent 20 years with the Institute of Cultural Affairs (ICA), a United Nations–recognized private voluntary organization focused on worldwide rural and community development. While spearheading ICA projects, he resided in India for six years, where he established ICA’s Indian division and consulted with the leadership of India’s largest corporations. Raymond later held numerous leadership roles within ICA’s headquarters based in Chicago, Illinois. In addition to his executive role at ICA, Raymond was chairman of a management consulting firm affiliated with ICA, where he helped guide the development of its proprietary, participatory technology for strategic planning, project implementation and leadership development.

Some of Raymond’s notable recognition and current affiliations include:

  • Induction into the Chicago Area Entrepreneur Hall of Fame in 2003
  • Ernst & Young Entrepreneur of the Year 2005 for the Illinois Region.
  • Laureate in the Computerworld Honors Program, which distinguishes innovators around the world whose visionary use of information technology produces and promotes positive social change.
  • Board member of the Information Technology Association of America (ITAA)
  • Director of Rubicon Technology, Inc. (RBCN), a NASDAQ listed manufacturer of advanced electronic materials
  • Member of the Advisory Board of the Cross Atlantic Technology Fund
  • Member of The Economic Club of Chicago
  • Board of Columbia College, Chicago

Raymond was born in Adelaide, South Australia and attended law school at the University of Adelaide.

Return to the Distinguished Speaker Series, or for more information, please contact Tammy Farris at 520.621.9400 or