Delta Capita names former Capco UK CEO, Steve Vinnicombe, as Chair

13 February 2018 Consultancy.uk

Delta Capita has appointed former Capco UK CEO, Steve Vinnicombe, as the Chair of its Group business. As the firm looks to build on sustained growth, Vinnicombe will help to execute plans for future expansion, including opening a fundraising round and helping financial institutions embrace new working models and FinTech innovation.

International professional services firm Delta Capita underwent rapid growth throughout 2017, as it launched a number of initiatives to cater to the changing technological and regulatory needs of clients. The firm offers organisations in the Financial Services sector access to business and technology consulting and managed services, leveraging a combination of advisory, mutualised solution and delivery capability to deliver end-to-end consulting services.

Steve Vinnicombe, delta capita

As numerous financial sector clients in the UK now bid to prepare for the uncertain economic future of Brexit, as well as other issues like growing cyber risks, Delta Capita is keen to boost its leadership talent, to help plan for a sustained era of high-demand. The firm is led by senior industry practitioner experts, who bring deep cross-disciplined knowledge, with the latest addition to this leadership coming in the form of Steve Vinnicombe.

Steve Vinnicombe has more than 20 years of experience in the consulting industry, having commenced professional life at Accenture, where he spent 11 years. During this time, Vinnicombe came to specialise in Financial Services, and his latest role with the firm was as a Senior Executive in the Capital Markets unit. Vinnicombe later joined Capco, and was instrumental in helping the business achieve 25% compounded annual growth between 2010 and 2016. In the last two years of his term with Capco, he served as the CEO of Capco in both the UK and South Africa.

Sustained growth

Now, Vinnicombe has become Chair of Delta Capita’s Group business, as the firm experiences a time of treble digit compounded growth. The timing of the appointment of Chair is part of Delta Capita’s strategy to enhance its Management Board and Corporate Governance team, and deliver its growth plans ahead of the planned Series A funding round, due to open in March 2018.

As the organisation continues to seek new ways to reduce costs and improve its solutions for both corporate control and managed levels of risk, Vinnicombe’s priority will be to assist management to achieve their growth strategy, and maintain an entrepreneurial culture which has given Delta Capita an edge on its competition. This culture has helped the firm to win a number of high profile industry engagements, including the appointment as sole consultancy partner to ‘Plato Partnership’, a tier one investment firm consortium; and the appointment by Credit Suisse, one of the leading European issuers of structured products and structured product solutions, as the managed service provider for issuance and product governance of its structured products business across EMEA.

CEO Joe Channer, who co-founded Delta Capita with CTO Petri Arola, said of the appointment, "As Delta Capita continues to expand internationally, we must ensure that we continue to meet the highest standards of governance and control and we are delighted to welcome Steve as our Chairman. I have every confidence his wealth of management experience, combined with his industry and corporate insight, will prove invaluable in helping us avoid the potential pitfalls facing a rapidly growing consulting firm. He has been there before.”

Steve Vinnicombe himself added, “The world of financial services is being challenged like never before and Delta Capita has become a real, disruptive force in the way banks re-shape their business and operating models. Financial institutions need to be able to embrace new working models and fintech innovation, and this is a highly complex and often legacy-ridden challenge. Organisations cannot afford disruption or distraction from their regulatory or operating risk management focus and require credible, committed partners to help deliver the results they are striving to achieve.”

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