Plenitude appoints former Capco UK CEO as Non-Executive Director

28 November 2018 3 min. read
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Niche consultancy Plenitude has just appointed Steve Vinnicombe, former UK Capco CEO, as a Non-Executive Director. Vinnicombe will help deliver Plenitude’s ambitious growth plans to meet the challenges posed by Financial Crime compliance.

Plenitude is a niche consultancy, which specialises in Financial Crime risk and compliance. Plenitude works with a wide array of financial institutions including banks, insurance companies and asset management firms, providing deep subject matter expertise, advisory and transformation services on some of the largest and most complex Financial Crime compliance (FCC) initiatives in the industry. The firm’s track record includes working with 6 of the 14 global banks that are subject to the Systematic Anti-Money Laundering Programme, in preparation for their review and response programmes.

Amid this spiralling demand, Plenitude has announced the appointment of former UK CEO of Capco UK, Steve Vinicombe. Arriving as a new Non-Executive Director, he will now work to help deliver Plenitude’s ambitious growth plans to meet the challenges posed by the evolving landscape of Financial Crime compliance. The announcement follows a sustained period of growth for Plenitude, charged by a number of high profile client engagements. Vinnicombe’s key remit is to help Plenitude achieve its growth strategy, including further market penetration of new subscription services that offer clients enhanced insight into the vast array of Financial Crime compliance laws, regulations, guidance and risk indicators.

Plenitude appoints former Capco UK CEO as Non-Executive Director

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 in 2010, and was instrumental in helping the business achieve 25% compounded annual growth for the next six years. In the last two years of his term with Capco, he served as the CEO of Capco in both the UK and South Africa.

Vinnicombe has been a man in demand since ending his time with Capco in 2016. Having become an Advisor at global charity Right to Dream and an Associate at consultancy Heidrick & Struggles, he joined Delta Capita to chair the firm’s Group business in February 2018, as the firm experienced a time of treble-digit compounded growth. Vinnicombe will continue in these roles alongside his new position at Plenitude.

Commenting on the announcement, Steve Vinnicombe remarked, "Financial Crime Compliance is at the epicentre of the seismic changes that Financial Services is undergoing. There is a significant opportunity to address both the regulatory and social imperatives related to money laundering , terrorist financing, sanctions evasion, bribery and corruption, fraud and tax evasion… Plenitude has developed a well-deserved reputation for serving its clients with first rate advice and committed execution in its work to date.”

Managing Director at Plenitude, Alan Paterson, added, "We are delighted to be joined by Steve as we gear up for the next stage of Plenitude’s growth. We are proud of the reputation we are earning for delivering high quality Financial Crime Compliance advisory and transformation services. Steve’s appointment builds on the hiring we have done this year to significantly increase our permanent headcount and further bolster our FCC expertise and capability.  Steve’s experience in growing Financial Services consulting businesses will be a valuable asset to our leadership team as we navigate the opportunities ahead of us.”