Capco expands Hong Kong office to capitalise on growth

19 September 2014 Consultancy.uk

Global financial services consulting firm Capco has announced that it is going to move its Hong Kong-based team to a larger office, to match the growing demand for its services and capitalise on future growth opportunities.

Earlier this year, in February 2014, consulting firm Capco decided to open an office in Hong Kong to strengthen its global reach throughout the Asia-Pacific region, specifically in Hong Kong and Singapore. The expansion allows Capco to better serve the needs of global and regional financial institutions operating in the Asia-Pacific countries, and complements its already strong presence in India. 

Hong Kong expansion

In the last months, the Hong Kong office, which serves financial institutions in the region, has booked strong growth. The team, which is expected to reach the 100 FTE mark by the end of 2014, consists of professionals with local, regional and international expertise. “There is no doubt that clients in Hong Kong and the Asia-Pacific region value the deep industry expertise we hold in the crucial areas of regulatory compliance, client data and infrastructure. These are qualities that are increasingly appreciated by clients who are looking for a partner who really understands their business,” says Peter Schurau, CEO of Capco Europe and Asia-Pacific.

Capco - Hong Kong

To meet the growing demand for its services and capitalise on future growth opportunities, Capco has recently decided to expand its Hong Kong operations, and last week the firm announced concrete plans to move to a larger office. The new office will be based in the same street as the old office (Queen's Road Central) in Hong Kong. "Since we opened for business in Hong Kong, we have been hiring vigorously. We will continue to do so, and offer employees one of the most vibrant working environments in the industry. The very best people will be at the heart of our expansion,” says Neil Ramchandran, a Hong Kong-based Partner .

Peter Schurau and Neil Ramchandran

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Newcastle consulting firm opens Baghdad office

05 April 2019 Consultancy.uk

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.”