Capco opens new office in Singapore, third in Asia

15 May 2015

Global consulting firm Capco has opened an office in Singapore, its third in Asia. Looking forward, the financial services consultancy and technology specialist aims at replicating the trajectory of its Hong Kong office, and has in the meantime set its sight on further expansion in the region.

With more than 3,000 employees globally, Capco is one of the larger consultancies of the globe. The firm differentiates itself in the marketplace through its specific focus on the financial services market. Since 2011 Capco operates under the flag of FIS*, a global financial services provider with revenues of more than $6 billion.

Originally established in Belgium in 1998, Capco has in the past 15+ years pursued rapid international expansion. Its first move into Asia dates back from 2004, when it opened a hub in Bangalore, India. Driven by high demand for back-office operational services the office grew quickly – within the first year the office had reached the size of 100 professionals. It took ten more years for the next expansion into Asia, with Hong Kong the following destination. Opened in 2014, the Hong Kong office went through a similar growth trajectory, and within six months Capco was forced to relocate to a larger office to accommodate the steep growth.

Capco - Hong Kong

With Hong Kong still fresh in its mind, Capco has now decided to add a third location in Asia: Singapore, one of the largest financial hubs in Asia-Pacific. The new office offers a wide range of capability, from high-net-worth customer banking expertise and digital banking experience development, to the entire core banking platform upgrades and renewals that are taking place. Payments, wealth and regulatory initiatives have been earmarked as the key focus areas for the first 12 months.

With the new office, Capco aims at growing its on-the-ground footprint in line with its global growth ambitions, as well as better serve its global customers with an on-the-ground presence in Singapore. “Now based in Singapore, Capco is ideally positioned to support global financial institutions as many look to run pilots of their global programs across Asia”, states the consulting firm in a press release.

The ambition for the coming period is clear, says Peter Schurau, CEO of Capco Europe and APAC. "This is clearly a region of continuing growth opportunities. Our near-term ambition is to replicate the rapid success of the Hong Kong office, an experience which strongly validates our commitment to Asia Pacific.”

Capco in short

Looking ahead, Schurau reveals Capco has set its sights on further expansion in the region, highlighting Thailand and Australasia as the key targets.

* FIS acquired Capco in September 2011 for a fee of just under $300 million.


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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.”