Press Releases

Capco Expands European Capital Markets Team as Firms Seek Ongoing Back Office Efficiencies to Drive Growth

Contact
Robert Akam, 020 7400 4480, rakam@hanovercomms.com
Joe Eldridge, 020 7400 4480, jeldridge@hanovercommms.com

Capco, a global business and technology consultancy dedicated solely to the financial services industry, announced the expansion of its European Capital Markets team with the appointment of Jonathan Davis as its UK lead. Capco is seeing growing demand for its advisory services as financial institutions look to streamline their cost bases and revamp their risk processes.

The Capital Markets team at Capco is expanding in response to this increasing demand. Davis joins Capco from Accenture where he spent 22 years after graduating from university. Jonathan worked in the UK Financial Services team where he rose to become a key member of the ten-strong UK leadership team.

Jonathan Davis, Head of Capital Markets UK, said:

“In the aftermath of the credit crunch firms are reconsidering their business strategies, cost structures and internal controls. While the market remains difficult they are looking for more balanced business models. During the boom times profits were made by placing huge risk bets that camouflaged inefficiencies in a firm’s infrastructure and cost model. Financial institutions are now looking to reform their business processes, streamline costs and find ways to grow in a sustainable long-term manner.”

Peter Schurau, Head of Capco Europe, comments:

“Process integrity has come to the fore after the scandals of the last few years. Institutions face intense public scrutiny and this is having a profound impact on their internal controls. Our clients want full transparency across their business and therefore need to address the technology integration issues which prevent them from fully understanding the operational risks they face. We are ideally placed to help them do this.”

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For more information call Enda Joyce or Robert Akam on 020 7400 4480 or email ejoyce@hanovercomms.com or rakam@hanovercomms.com.

Notes to editors

About Capco
Capco is a global business and technology consultancy dedicated solely to the financial services industry. Our professionals combine innovative thinking with our unrivalled first-hand industry knowledge to offer our clients consulting expertise, complex technology and package integration, and managed services to move their organisations forward. Through our collaborative and efficient approach, we help our clients successfully increase revenue, manage risk and regulatory change, reduce costs and enhance control. We specialise in banking; capital markets; wealth and investment management; finance, risk & compliance; and technology. We serve our clients from offices in leading financial centres across North America and Europe. To learn more, visit our website at www.capco.com.

jailer