25 September 2017
Find out more

Capco sues former UK boss for £145 million

17 May 2017  |  6220 views  |  0 Andrew Tarver, CEO Boldrocket

FIS-owned consultancy Capco is suing its former UK boss Andrew Tarver for £145 million over allegations that he stole clients and conspired to cover up the evidence.

According to court submissions seen by UK news sheet, the Evening Standard, Tarver and his colleagues are accused of conspiring to “divert” clients, business opportunities and even intellectual property to start-ups they formed “in secret”.

Capco alleges that Tarver's actions led to the closure of Bold Rocket, a startup ecosystem business it set up in an effort to diversify its operations and attract potential high-growth clients from outside the financial services industry.

Tarver stepped down as Capco's UK chief exectuive in 2014 to take over the reins at Bold Rocket.

Capco alleges that while running Bold Rocket, Tarver secretly set up a number of competitive businesses that succeeded in winning over potential Capco client business.

Tarver, who was fired for 'gross misconduct' in 2015, is fighting the charges.

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FIS agrees Capco acquisition

FIS agrees Capco acquisition

19 October 2010  |  15076 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comvisit www.sibos.com

Top wholesale banking topics

Most viewed Most shared
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8851 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8602 views comments | 1 tweets | 2 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8420 views comments | 33 tweets | 46 linkedin
Sophia the humanoid gets UBS conference speaking gigSophia the humanoid gets UBS conference sp...
6856 views comments | 16 tweets | 19 linkedin
Canadian fintech startups get Sibos showcaseCanadian fintech startups get Sibos showca...
6450 views comments | 11 tweets | 8 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job