Capco opens Stockholm office and eyes Nordic growth strategy

27 September 2017 5 min. read
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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.