Capco opens Stockholm office and eyes Nordic growth strategy

27 September 2017

Management and technology consultancy Capco has opened its first office in the Nordics, with the firm’s new Stockholm location building toward further growth in the region. Anette Tånneryd, a former Managing Director at Accenture Sweden, has meanwhile been appointed as Managing Partner of Capco’s new site.

Adding to its 23 previous locations, Capco, a consultancy focused on the financial services industry, has opened an office in Stockholm, Sweden. The location forms part of its growth strategy and is in response to an increasing demand for its services in the Nordic region. With technology and disruptive innovations driving regional growth in the Nordics, the financial services industry has been increasingly turning to technology and management consulting firms to aid them in their mission to stay ahead of these trends to meet customer expectations. The global digital transformation consulting market is already worth $23 billion, and as a company placed firmly within all of the previously mentioned fields, Capco has seen strong demand for its services from local banks and financial institutions in the region, looking to complete their own transformations in line with that global trend.

Now, as Capco begins life as an independent entity following its private equity backed separation from Fidelity National Information Services in 2017, the firm has commenced expansion efforts in the Nordics to meet that boost in demand, as well as engaging in new business opportunities. Having worked with Nordic clients since 2013, the new office in Stockholm will look to reinforce the firm’s expanding presence in the region, assisting clients to leverage Capco’s deep-domain expertise, design-thinking approach, and technology-related knowledge to help companies transform their businesses to be beneficiaries of a changing market environment, rather than victims of digital disruption.

Capco opens Stockholm office and eyes Nordic growth strategy

Managing Partner: Anette Tånneryd

As the firm look to hit the ground running with their new location, meanwhile, Anette Tånneryd has been appointed as Managing Partner to lead the Stockholm office. During her 20 year career, Tånneryd has gained invaluable experience in growing financial services businesses globally, as well as a highly regarded track record in helping clients innovate to transform their businesses. Joining Capco from Accenture, where she was Managing Director of the financial services team in Sweden, Tånneryd also previously worked at IBM, and in her early career co-founded two different start-ups in Sweden and the US.

The new Managing Partner of Capco Nordics herself commented, “I am thrilled to be joining Capco as it builds its presence in the Nordic market. Capco’s unique position, at the intersection of traditional banking and the fintech scene, sets it apart. I am looking forward to working with the team as we cement Capco’s reputation in the region and drive the next phase of growth, by bringing the best of both worlds together to form the future of finance.”

Remarking on Tånneryd’s new role, Lance Levy, Chief Executive of Capco added, “We are seeing increasing demand for our services in the Nordic region. Capco’s new Stockholm office, led by Anette, will better support this market demand, and enable us to leverage our global expertise to help local clients find innovative solutions to stay ahead of their challenges. We are delighted to have Anette join the team. With her experience and knowledge, we believe she is the right person to lead Capco to the next stage of our development in the region. We look forward to continuing to deliver exceptional value, expertise and solutions to our clients in the Nordics.”

Anette Tanneryd

Commenting on the demand behind the new office meanwhile, Levy added, “Our clients are focused on staying competitive as well as managing regulatory issues, reducing costs, and increasing efficiency through innovation. They want to work with a trusted and experienced consultancy to help them adapt to the rapidly changing market landscape.”

Capco are not the only firm to have responded to the call of the Nordics in recent months. After increasing demand, Alvarez & Marsal also announced the opening of an office in the Swedish capital. The new A&M Stockholm presence also made a high-profile acquisition of its own, with the capture of former KPMG Sweden CEO Helene Willberg joining A&M, in order to serve as the office’s Managing Director.


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Newcastle consulting firm opens Baghdad office

05 April 2019

A Newcastle-based consultancy has announced it will open its first office in Iraq. The news comes despite warnings that the area remains “high risk” for businesses.

16 years after the start of Operation Iraqi Freedom, the nation remains a shadow of its former self. The continued chaos wrought by the Iraq War – which eventually played a role in the rise to prominence of Daesh, further destabilising the region – means that even now, the nation’s capital is deemed to have the lowest quality of living in the world. According to a recent survey from Mercer, Baghdad ranked last overall – immediately below Bangui of the Central African Republic and Damascus in Syria – despite the other two being determined as the worst cities on the planet for personal safety.

However, as with the wider Middle East, the oil-rich state presents a lucrative destination to businesses willing to take the risk. To that end, a Newcastle recruitment consultancy has announced the opening of its first presence in Iraq’s capital city. Samuel Knight has taken the decision to open its Baghdad locale in order to grow its business in the Middle East.

Newcastle consulting firm opens Baghdad office

While businesses remain wary of the region, Samuel Knight specialises in recruiting talent in the energy and rail sectors, and in a release it said the new office would continue to focus on these areas. It will also allow the firm to make sure it abides by local compliance laws. The new location will be headed up by Haider Kadhim, Samuel Knight’s Iraq country manager, who will work as the first point of contact for clients and candidates. Representatives from the Department of Trade Industry are expected to attend a launch event for the office, which will be held this month.

Commenting on the new office,  a spokesperson for Samuel Knight said, “We probably don’t see it as a risk, but more of an opportunity, as we operate in the Middle East extensively already. We have contacts in place in the country location and with the consultants we have. We felt it was a great opportunity to expand into a country we are already doing work in. It means we have an on-the-ground team to help our clients. From our perspective, it is that we are looking to expand into new territories, but we are also supporting countries that are starting to redevelop after years of warfare.”

Steve Rawlingson, CEO at Samuel Knight, said, “Our aggressive five-year growth plan is manifesting at  an impressive rate, taking the company to exciting new territories. The team is working diligently to surpass expectations set out in the plan, and to ensure Samuel Knight is cemented as the leading global energy and rail recruitment specialist. Our Baghdad office will give us a distinctive edge over our competition and allow for more exciting business opportunities. Once the office becomes more established and client acquisition develops, we will certainly be adding more consultants and manpower in the city.”