Derek Pennor joins Capco's Edinburgh office

Global consultancy Capco has appointed a new leader for its wealth, asset management and insurance wing in Scotland. Derek Pennor brings more than a quarter-century of experience to the role, having most recently worked at Big Four firm EY.

Capco is a global management consultancy which focuses on financial services work. Since returning to independence in 2017, the firm has been named for a succession of accolades, including being among the top 50 places to work, and having one of the top 40 CEOs, both in 2018.

As the firm looks to strengthen its service offering for clients in Scotland, the technology and management advisory firm has appointed Derek Pennor to lead its wealth, asset management and insurance practice there. Based in Capco’s Edinburgh office, Pennor brings 25 years’ experience in the asset management and insurance investments industry. His specific expertise includes business development and implementation, investment governance, and the asset management requirements of parent firms.

Roland Inglis, Capco’s Head of Scotland, said of the move, “Derek’s extensive experience in the wealth and asset management space will be invaluable as we help firms to grow and transform their businesses, and offer more engaging products and experiences to their clients. His business development and delivery expertise will also benefit our wider work in Scotland across the banking and digital spaces, where we are continuing to expand our broader consultancy offering.”

Prior to arriving at Capco, Pennor was formerly a Director at EY, where he spent eight years, and latterly led its Scottish wealth and asset management strategy. His appointment in Capco’s Edinburgh locale is hoped to provide a key driving force for the firm’s next phase of growth in Scotland across wealth, asset management, insurance and digital – particularly important segments within the local financial services industry.

Mike Ethelston, UK Managing Partner at Capco, said, “The opportunities presented by digital disruption to enhance and redefine customer and employee experiences for banks, asset managers and other financial institutions are immense. We are already seeing accelerating demand for innovative solutions and new business models across banks and asset managers as they embrace technology and process-driven transformation.”