Press Releases

Capco Supporting Bay Area Banks' Customer Growth, Merger Integration and Compliance Needs as New Regulatory Era Approaches

Contact
Diana Butler Buxton, 212-284-8728, diana.buxton@capco.com
Frank Mackris Named Partner and Leader of Capco’s West Region

The San Francisco and San Bruno offices of Capco, a leading global provider of consulting and managed services to the financial services industry, is seeing significant expansion of its consulting and IT services as Bay Area banks and investment management companies seek to reposition themselves for growth. Capco also announced its appointment of Frank Mackris as partner and leader of the firm’s West region hub, based in San Francisco, which serves clients in the Bay Area, Chicago, Minneapolis, St. Louis, Dallas, Seattle, Phoenix and Los Angeles. Capco’s banking practice is led by San Francisco resident Matthew Cohn.

Capco is a portfolio company of Palo Alto-based Symphony Technology Group (STG), a strategic long-term private equity firm that invests in software and services companies that have $2.5 billion in combined revenue and 15,000 employees worldwide. STG provides transformation expertise to its portfolio companies to accelerate their recruitment and business performance.

Since January 1, 2010, Capco’s San Francisco office hub has been engaged by 14 of the West region’s leading financial institutions. And, as part of a global recruiting initiative, its Bay Area offices have seen significant recruitment success -- adding more than 80 employees with a plan to onboard more than 150 this year. As its presence in San Francisco grows, Capco is serving a wider range of the Bay Area’s banking and financial organizations in response to demand for merger integration, risk and compliance and technology integration. Capco is also seeing strong demand from banks to increase their customer acquisition and retention for retirement products and wealth management services.

“Market and regulatory changes are creating a new set of challenges, complexities and opportunities for banks and investment management companies. Our clients have many important needs, including: new operating models that drive customer value and efficiency; new product platforms that better integrate core banking and wealth management; new market opportunities in the retail brokerage and retirement space; and improved data management that provides better insight and analytics into the many dimensions of the business,” said Frank Mackris, partner and leader of Capco’s West region. “Capco is committed to the San Francisco community and is recruiting top industry talent to better serve our clients in addressing their most complex business issues.”

Mr. Mackris started his 25 year career at KPMG and most recently was a Vice President at BearingPoint (formerly KPMG Consulting) where he led the Banking Practice. He is a recognized leader in developing and delivering solutions in strategic cost management, enterprise performance improvement, management reporting, spend management, IT effectiveness and operational efficiency.

About Capco
Capco is a leading global technology and business consultancy dedicated 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 organizations 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 specialize 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 web site at www.capco.com.