FRANKFURT, Germany, July 10, 2025 — Kyndryl, a leading provider of mission-critical enterprise technology services, announced today that it has extended its long-standing relationship with Hamburg Commercial Bank AG (HCOB), a private commercial bank headquartered in Hamburg, Germany. As part of this renewed agreement, Kyndryl Consult, the company’s advisory services, will serve as a strategic advisor to HCOB in transforming its existing cloud infrastructure to enhance flexibility, transparency and service quality.
HCOB will leverage Kyndryl’s expertise in helping customers implement IT infrastructure services to meet compliance requirements. The partnership will continue to focus on enabling HCOB’s operational resilience and regulatory alignment through modern, scalable IT services with advanced security capabilities tailored to the sector.
“The continued partnership with Kyndryl is a cornerstone of our cloud-based IT architecture. It drives our operational efficiency and further improves the service quality for our customers,” said Carsten Schrader, Chief Information and Technology Officer at Hamburg Commercial Bank. “We look forward to continued good cooperation with Kyndryl’s team of experts.”
“This contract extension reflects Hamburg Commercial Bank’s trust in Kyndryl and its clear goal of advancing the bank in digital transformation and regulatory resilience,” said Kai Grunwitz, President, Kyndryl Germany. “We’re proud to support HCOB as a long-term partner.”
As part of the collaboration, Kyndryl will redesign HCOB’s cloud infrastructure and implement an overall backup solution to provide end-to-end management. In addition, Kyndryl will deliver ongoing support for Microsoft Azure workloads and Microsoft 365 environments.
The partnership extends to managing services across cloud, network and security domains. This includes deploying Security Information and Event Management (SIEM) systems and operating a Security Operations Center (SOC), along with support for Azure Virtual Desktop Infrastructure (VDI), Service Desk operations and backup services.
About Hamburg Commercial Bank
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany, that provides customized financing solutions for German and European companies. HCOB has a strong position in structured real estate and project finance and is a reliable financing partner for the shipping sector. Efficient and secure payment transaction services, as well as innovative products for foreign trade, complete the range of services. The bank is guided by established ESG criteria and operates from several locations in Germany as well as in Amsterdam, London, Luxembourg and Piraeus. For more information, please visit www.hcob-bank.com.
About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world’s largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.
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