NEW YORK, November 20, 2023 – Capco, the global technology and management consultancy, has appointed Kit Spicer as a new Partner in its US Finance, Risk, and Compliance (FRC) practice, based in New York.
A proven financial risk leader with 20 years of experience advising large, global financial institutions on strategy, risk management, and regulatory issues, Kit will be responsible for building out Capco’s capital markets front office risk propositions and enhancing its existing Fundamental Review of the Trading Book (FRTB) and stress testing solutions.
Kit joins Capco from BlockFi, where he was Head of Credit Risk and Underwriting. Prior to that role, he was Head of Counterparty Portfolio Analysis and Head of Counterparty Stress Testing at Morgan Stanley. Kit has also held positions at Goldman Sachs working across finance, capital markets and credit risk, and at Oliver Wyman as a financial services consultant focused on capital markets risk. Kit has an MBA from NYU and holds the Chartered Financial Analyst (CFA) and Professional Risk Manager (PRM) designations.
Lance Levy, CEO of Capco, said: “I am pleased to welcome Kit as a new member of the US FRC leadership team. Kit brings a wealth of knowledge to our business and has deep expertise in financial risk, strong industry relationships, and proven sales and origination abilities that will be invaluable as we continue to support our clients and meet the accelerating demand for innovation and insights in this key strategic area.”
Mike Drews, US Head of FRC at Capco, said: “Industry transformation continues to bring new challenges as well as opportunities for US financial services firms. Given ongoing ramping up of risk and regulatory initiatives and requirements, the imperative to ensure robust risk and compliance planning is more intense than ever. Kit’s broad cross-domain perspective, his knowledge of financial risk management, and his experience in building and managing teams means he will be a huge asset. I am delighted to welcome him to Capco.”
Capco, a Wipro company, is a global technology and management consultancy focused on the financial services industry. 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.