Capco acquires City Practitioners
11 July 2007 | 9548 views | 0
Financial services consultancy Capco has acquired City Practitioners for an undisclosed sum.
Founded in 1995, CPL has opertions in London and New York and has an annual turnover of over $40 million. The firm currently employs over 160 practitioners with expertise in derivatives technology.
Rob Heyvaert, founder and CEO of Capco, says the acquisition will enable the firm to deliver "front-to-back" services to clients and offer derivatives technology and services.
"Our combined team of derivatives consulting and technology specialists is one of the largest in the market and together we will be able to better answer the increasing demand for end to end derivatives processing transformation from our collective clients," says Heyvaert.
City Practitioners chairman, Tom Kozlowski, says the deal represents an opportunity to be part of a truly global organisation.