Capco
Encyclopedia
Capco is a global business and technology consulting
firm. It was founded in 1998 and was an early specialist in back-office and risk-management services to the financial industry.
Capco provides its services through six service sectors, also referred to as "domains:" Capital Markets; Banking; Wealth and Investment Management; Finance, Risk & Compliance; Package Integration; and Technology.
According to the firm's website, Capco has 1,000 employees. Capco has offices in Europe, the United Kingdom, North America and Asia including: Amsterdam; Antwerp; Bangalore; Chicago; Frankfurt; Geneva; London; Mumbai; New York; Paris; San Francisco; Toronto; Washington, D.C.; and Zurich. Capco's global headquarters is located at Prins Boudewijnlaan, B-2650 Antwerp, Belgium.
founded The Capital Markets Company NV. Initially, offices were opened in Belgium
, London, New York and Frankfurt
, later expanding to Paris, San Francisco and Singapore in 2000.
In 2001, The Capital Markets Company was re-branded as “Capco" and the company published The Capco Journal. In 2002, Capco formed a Strategic Marketing Alliance with Hewlett-Packard. In 2003, Capco expanded in Personal Financial Services and underwent a $15 million recapitalization led by Thomas Weisel Capital Partners. In 2004, Capco acquired Iverson Financial Systems, increasing its focus on Capco Reference Data Services (CRDS), and opened an office in Bangalore
, India. In 2005, Capco opened an office in Toronto. In 2007, Capco acquired City Practitioners, a specialist in front-to-back office multi-asset trading systems and derivatives technology services. In 2008, Capco sold its Capco Reference Data Services unit, which serves securities firms, to Netik, a provider of data warehousing services. In 2009, Capco expanded its North America operations, opened offices in Chicago and Washington, D.C. and Diane Schueneman, a notable Merrill Lynch executive, joined Capco's board of directors.
In October 2010, Capco was acquired by Fidelity National Information Services (NYSE: FIS).
ship in the field of applied finance. The Capco Institute holds an annual conference series in the UK with London's Cass Business School, and collaborates with New York University's Polytechnic Institute. Articles in the Journal are peer-reviewed and submitted by financial services professionals and academics from institutions including Wharton Business School, INSEAD and Harvard Business School. The Journal is the only professionally-focused finance journal to be fully accredited by the American Economic Association. It has been a recipient of the Apex Awards for Publication Excellence (2002–2009).
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
firm. It was founded in 1998 and was an early specialist in back-office and risk-management services to the financial industry.
About
In October 2010, Fidelity National Information Services (NYSE: FIS), a provider of banking and payments technologies, announced its acquisition of Capco to offer technology and consulting services to financial services institutions worldwide.Capco provides its services through six service sectors, also referred to as "domains:" Capital Markets; Banking; Wealth and Investment Management; Finance, Risk & Compliance; Package Integration; and Technology.
According to the firm's website, Capco has 1,000 employees. Capco has offices in Europe, the United Kingdom, North America and Asia including: Amsterdam; Antwerp; Bangalore; Chicago; Frankfurt; Geneva; London; Mumbai; New York; Paris; San Francisco; Toronto; Washington, D.C.; and Zurich. Capco's global headquarters is located at Prins Boudewijnlaan, B-2650 Antwerp, Belgium.
Capco history
In 1998, entrepreneur Rob HeyvaertRob Heyvaert
Rob Heyvaert is a Belgian businessman. He is the founder, chairman and Chief Executive Officer of the Capital Markets Company, commonly known as Capco, a consultancy...
founded The Capital Markets Company NV. Initially, offices were opened in Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
, London, New York and Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
, later expanding to Paris, San Francisco and Singapore in 2000.
In 2001, The Capital Markets Company was re-branded as “Capco" and the company published The Capco Journal. In 2002, Capco formed a Strategic Marketing Alliance with Hewlett-Packard. In 2003, Capco expanded in Personal Financial Services and underwent a $15 million recapitalization led by Thomas Weisel Capital Partners. In 2004, Capco acquired Iverson Financial Systems, increasing its focus on Capco Reference Data Services (CRDS), and opened an office in Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, India. In 2005, Capco opened an office in Toronto. In 2007, Capco acquired City Practitioners, a specialist in front-to-back office multi-asset trading systems and derivatives technology services. In 2008, Capco sold its Capco Reference Data Services unit, which serves securities firms, to Netik, a provider of data warehousing services. In 2009, Capco expanded its North America operations, opened offices in Chicago and Washington, D.C. and Diane Schueneman, a notable Merrill Lynch executive, joined Capco's board of directors.
In October 2010, Capco was acquired by Fidelity National Information Services (NYSE: FIS).
Services
Capco offers consulting, technology and managed services in four financial services sectors, also referred to as “domains:" Banking; Capital Markets; Wealth & Investment Management; and Finance, Risk & Compliance. Its Technology Services and Package Integration teams deliver services across all of the firm’s domains.- Banking: Provides customer relationship management, risk management, real-time information management solutions as well as consulting services to banks in areas of payments, lending and commercial and retail banking.
- Capital Markets: serves investment banks, broker-dealers, exchanges and clearing firms. Also provides front-to-back office consulting and IT services across the capital markets trading environment which includes derivatives; fixed income; currencies; commodities; equities; structured products; and credit default swaps.
- Wealth and Investment Management: Serves wealth managers, investment institutions and investor services firms which are experiencing profit margin pressure due to redemptions, redistribution of mandates and the decline in asset values from their 2007 peak.
- Finance, Risk & Compliance: provides advice, information management and data governance on financial information and reporting data and analytics and risk management.
- Technology Services: Provides IT consulting, IT supply chain services and IT delivery to CIOs and IT executives at financial institutions, generally through off-shoring.
- Package Integration: provides software solutions, IT consulting, managed services, implementation and support of third-party applications such as Murex, Geneva, Simcorp, OpenLink and Wallstreet.
Clients
Capco provides services to banks, exchanges, private wealth managers, hedge funds and other financial organizations.Journal of Financial Transformation
Capco's research unit, The Capco Institute, publishes the Journal of Financial Transformation which contains industry research, analysis and articles from academics, Nobel laureate economists, regulators, central bankers and industry experts. The Journal is dedicated to the advancement of thought leaderThought leader
Thought leader is business jargon for an entity that is recognized for having innovative ideas.The term was coined in 1994 by Joel Kurtzman, editor-in-chief of the Booz Allen Hamilton magazine, Strategy & Business. "Thought leader" was used to designate interview subjects for that magazine who had...
ship in the field of applied finance. The Capco Institute holds an annual conference series in the UK with London's Cass Business School, and collaborates with New York University's Polytechnic Institute. Articles in the Journal are peer-reviewed and submitted by financial services professionals and academics from institutions including Wharton Business School, INSEAD and Harvard Business School. The Journal is the only professionally-focused finance journal to be fully accredited by the American Economic Association. It has been a recipient of the Apex Awards for Publication Excellence (2002–2009).
Awards
- 2008 “Heart of the City” Dragon Award for Corporate Social Responsibility
- Consulting Magazine’s 2010 “Top 25 Consultants” Award for Excellence in Financial Services
- Apex Awards for Publication Excellence, 2002–2010