LONDON & MILAN, June 15, 2023 – Capco, a Wipro company, the global technology and management consultancy, has announced the launch of The Capital Markets Company Italy S.r.l. (“Capco Italy”) as part of a focused regional expansion strategy to support its strong growth trajectory.
Incorporated in Milan, Capco Italy will support Italian banks, insurance companies and all other financial services organizations as they transform their businesses to compete in a rapidly changing financial landscape. This new business will draw directly on Capco’s 25-year heritage of partnering with the world’s largest financial services firms. That growth strategy has seen the London-headquartered company expand significantly to over 7,000 employees across 37 locations worldwide and follows the recent opening of an office in Dubai.
Capco will bring its deep understanding of the challenges and opportunities facing financial services firms, unique value propositions, and its delivery track record to Italian clients.
The new business will be led by Paolo La Torre, Capco’s new Italy Managing Partner. Paolo has over 20 years of experience working in management consultancy and digital engagement and technology solution firms. He has extensive expertise partnering with Italian financial services companies on product and business development, including in digital strategy, technology, data and analytics, cards and payments and customer relationship management (CRM). Paolo will report to Owen Jelf, Managing Partner for Central Europe.
Lance Levy, CEO of Capco, said: “Our new Italy business underscores our commitment to bringing Capco’s distinctive and proven advisory and technology offering, and our high-energy culture, to a focused group of new clients in new markets. As a client-focused, innovative, company, we are proud of our status as a true business transformation provider. We have great respect for the Italian financial services market and look forward to leveraging our global insights, creativity, and entrepreneurial spirit to partner with our Italian clients.”
Owen Jelf, Central Europe Managing Partner at Capco, said: “The Italian financial services sector is extremely vibrant and competitive, and providers are focused on making bold strategic moves to strengthen their offerings to customers. Digitalization, efficiency, and innovation are top priorities as they build out tomorrow’s products and experiences. These are areas where Capco brings deep global expertise and a disruptive mindset that we believe will add real value for financial institutions as they position themselves for future success.”
Paolo La Torre, Italy Managing Partner at Capco, said: “Italian financial services companies are anticipated to allocate significant investment toward upgrading their infrastructure during the coming three to four years. Digital innovation is a particular priority, given the changing expectations of customers, and the increasing competition from new operators, including fintechs. Capco is well positioned to support these goals, given our expertise in cutting through complexity, delivering bespoke solutions, and establishing strong and longstanding client relationships.”
About Capco
Capco, a Wipro company, is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. To learn more, visit www.capco.com or follow us on LinkedIn, Instagram, Facebook, and YouTube.
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