Ms. Schueneman, age 57, is the former senior vice president and head of Merrill Lynch's $4 billion Global Infrastructure Solutions group. Her appointment is effective immediately.

Ms. Schueneman is acknowledged as one of the financial industry's most influential technology and operations executives. During her more than 36-year career at Merrill Lynch, Ms. Schueneman was responsible for the technology, infrastructure, client services and worldwide operations of the firm's Capital Markets and Private Wealth & Asset Management divisions and oversaw 16,000 employees.

"Diane's vast knowledge of the financial industry and how to drive change will provide the board with invaluable insight as we undertake our global growth strategy and vision of staying at the forefront of market transformation through participation," said Rob Heyvaert, founder and CEO, Capco. "As the first woman appointed to our board, Capco is leading by example as we set out to build a global workforce that is experience-driven, dedicated to service excellence and embraces diversity. Diane's distinguished career exemplifies Capco's commitment to growth, innovation and technology and operations service excellence."

"I am very impressed with the enormous amount of industry experience that Capco brings to the table and management's knowledge of how to best deliver technology-driven change to the financial industry," said Diane Schueneman, board director, Capco. "Capco clearly has the expertise to provide 'effective delivery' - for which its brand is well recognized. They deliver real results that address the complex technology and operational issues facing financial institutions-at-large."

Ms. Schueneman also serves on the board of advisors of UBA Group New York and on the national board of Year Up, a not-for-profit dedicated to educating and securing job opportunities for urban youth in the fields of technology and operations.