| Industry | Management Consulting, IT Consulting |
|---|---|
| Key people | Rob Heyvaert (CEO) Ismail Amla (NA CEO) Peter Schurau (Europe CEO) Tom McKelvey (COO) Christopher Hamilton (CMO) Andrew Tarver (UK CEO) |
| Revenue | $285 million (2010)[1] |
| Employees | 1,000 (July 2010) |
| Website | www.Capco.com |
Capco is a global business and technology consulting firm.[2] It was founded in 1998 and was an early specialist in back-office and risk-management services to the financial industry.[3]
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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.[4]
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[5] in Europe, the United Kingdom, North America and Asia[6] including: Amsterdam; Antwerp; Bangalore; Chicago; Frankfurt; Geneva; London;[7] 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.[8]
In 1998, entrepreneur Rob Heyvaert founded The Capital Markets Company NV.[9] Initially, offices were opened in Belgium, London, New York and Frankfurt, later expanding to Paris, San Francisco and Singapore in 2000.[10]
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.[11] In 2003, Capco expanded in Personal Financial Services and underwent a $15 million recapitalization led by Thomas Weisel Capital Partners.[12] In 2004, Capco acquired Iverson Financial Systems, increasing its focus on Capco Reference Data Services (CRDS), and opened an office in Bangalore, India.[13] In 2005, Capco opened an office in Toronto.[14] In 2007, Capco acquired City Practitioners,[15] a specialist in front-to-back office multi-asset trading systems and derivatives technology services.[16] In 2008, Capco sold its Capco Reference Data Services[17] unit, which serves securities firms, to Netik, a provider of data warehousing services. In 2009, Capco expanded its North America operations,[6] opened offices in Chicago and Washington, D.C. and Diane Schueneman,[18] a notable Merrill Lynch executive,[19] joined Capco's board of directors.[20] In October 2010, Capco was acquired by Fidelity National Information Services (NYSE: FIS).[21]
Capco offers consulting, technology and managed services in four financial services sectors, also referred to as “domains:"[2] 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.
Capco provides services to banks,[33] exchanges, private wealth managers, hedge funds[34] and other financial organizations.
Capco's research unit, The Capco Institute, publishes the Journal of Financial Transformation which contains industry research,[35] analysis and articles[36] from academics, Nobel laureate economists, regulators, central bankers and industry experts.[37] The Journal is dedicated to the advancement of thought leadership in the field of applied finance. The Capco Institute holds an annual conference series in the UK with London's Cass Business School,[38] and collaborates with New York University's Polytechnic Institute.[39] 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).