Capco Extends Global Reach With Addition of South African Office to Enable Financial Firms to Implement Post-crisis Change Programmes
Poster: SySAdmin
Posted on August 1, 2011 at 4:21:01 AM
Capco Extends Global Reach With Addition of South African Office to Enable Financial Firms to Implement Post-crisis Change Programmes
JOHANNESBURG, August 1, 2011/PRNewswire/ --
- Johannesburg-based Team Hired to Serve Africa-based Financial Services
Institutions
Capco [http://www.capco.com ], the global business and technology
consultancy dedicated solely to the financial services industry, today
announced the opening of an office in Johannesburg, South Africa. Staffed by
a team of financial services industry experts, the South African office has
been launched to better serve Capco's existing Africa-based clients and
attract the attention of prospective banking and capital markets clients
interested in working with a consultancy dedicated to the financial services
industry.
The new South African office is Capco's thirteenth office location
across four continents, and further strengthens the firm's global reach.
Capco research suggests that, while the South African financial services
industry has not been as hard hit as other global financial centres,
Africa-based financial services institutions are still looking to make
significant improvements to their business operations. The most common focus
of local change programmes include:
1) Cost reduction, with a more aggressive look at outsourcing
and consolidation of core operations
2) Driving top-line growth, with firms looking for innovative ways
to both serve existing customers and attract new customer segments with
the development of new products, new services, and penetration of new
geographies
3) A push to complete core systems replacement initiatives begun
when the financial crisis first hit
4) An increased focus on compliance driven by ongoing changes in
international banking legislation.
Already operational, the Capco SA office is based in the heart of the
Johannesburg financial district and is led by financial services consulting
expert, Bruce Gordon.
"This is a great time to be joining the fastest-growing professional
services firms operating in the financial services industry," said Bruce
Gordon, Capco Partner. "Capco clients appreciate the firm's ability to field
individuals with a tremendously rich understanding of industry issues and
practical experience. They also value the ability to access
industry-recognised thought leadership that addresses the challenges faced
by financial institutions today."
Commenting on the office opening, Peter Schurau, CEO of Capco Europe,
added: "I am very excited at the addition of our new office in a significant
financial services market. Our experienced team and now established local
presence will enable us to effectively serve both local South African
clients, as well as major institutions across Africa. Our local presence
also positions us to collaborate more closely with our parent company FIS,
as and when client needs dictate."
About Capco
Capco, 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, Europe, Asia and Africa. To learn more, visit our web site at
capco.com [http://www.capco.com ] and subscribe to Capco's newsroom RSS
feed. [http://feeds.feedburner.com/capco/newsroom ]
Source: Capco
Robert Akam, T: +44(0)20-7400-4480, E: rakam@hanovercomms.com; Joe Eldridge, T: +44(0)20-7400-4480, E: jeldridge@hanovercomms.com
JOHANNESBURG, August 1, 2011/PRNewswire/ --
- Johannesburg-based Team Hired to Serve Africa-based Financial Services
Institutions
Capco [http://www.capco.com ], the global business and technology
consultancy dedicated solely to the financial services industry, today
announced the opening of an office in Johannesburg, South Africa. Staffed by
a team of financial services industry experts, the South African office has
been launched to better serve Capco's existing Africa-based clients and
attract the attention of prospective banking and capital markets clients
interested in working with a consultancy dedicated to the financial services
industry.
The new South African office is Capco's thirteenth office location
across four continents, and further strengthens the firm's global reach.
Capco research suggests that, while the South African financial services
industry has not been as hard hit as other global financial centres,
Africa-based financial services institutions are still looking to make
significant improvements to their business operations. The most common focus
of local change programmes include:
1) Cost reduction, with a more aggressive look at outsourcing
and consolidation of core operations
2) Driving top-line growth, with firms looking for innovative ways
to both serve existing customers and attract new customer segments with
the development of new products, new services, and penetration of new
geographies
3) A push to complete core systems replacement initiatives begun
when the financial crisis first hit
4) An increased focus on compliance driven by ongoing changes in
international banking legislation.
Already operational, the Capco SA office is based in the heart of the
Johannesburg financial district and is led by financial services consulting
expert, Bruce Gordon.
"This is a great time to be joining the fastest-growing professional
services firms operating in the financial services industry," said Bruce
Gordon, Capco Partner. "Capco clients appreciate the firm's ability to field
individuals with a tremendously rich understanding of industry issues and
practical experience. They also value the ability to access
industry-recognised thought leadership that addresses the challenges faced
by financial institutions today."
Commenting on the office opening, Peter Schurau, CEO of Capco Europe,
added: "I am very excited at the addition of our new office in a significant
financial services market. Our experienced team and now established local
presence will enable us to effectively serve both local South African
clients, as well as major institutions across Africa. Our local presence
also positions us to collaborate more closely with our parent company FIS,
as and when client needs dictate."
About Capco
Capco, 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, Europe, Asia and Africa. To learn more, visit our web site at
capco.com [http://www.capco.com ] and subscribe to Capco's newsroom RSS
feed. [http://feeds.feedburner.com/capco/newsroom ]
Source: Capco
Robert Akam, T: +44(0)20-7400-4480, E: rakam@hanovercomms.com; Joe Eldridge, T: +44(0)20-7400-4480, E: jeldridge@hanovercomms.com