Capco, the global business and technology consultancy dedicated solely to the financial services industry, today announced the opening of a Hong Kong office as the hub for its business across the Asia-Pacific region.
With a long-standing significant presence in India, and an established client base of leading global financial institutions served by Capco's Bangalore based offshore operations, the move adds further local presence in Asia-Pacific specifically in Hong Kong and Singapore.
The newly opened Hong Kong office extends Capco's deep financial service expertise and experience in delivering complex, transformational projects, positioning Capco to better serve the needs of global and regional financial institutions with Asia-Pacific operations. It also expands the Asia-Pacific footprint of Capco's parent company, FIS(TM) - the world's largest provider of banking and payments technology - which currently has 19 offices throughout the region.
"Hong Kong is a natural hub for us to service both global and local clients in Asia-Pacific, particularly in the banking, capital markets and wealth management sectors, where Capco has proven expertise. Since establishing the Hong Kong office, we have already won significant regulatory compliance projects with tier one global investment banks with a strong footprint in the region. Our level of global coverage and industry expertise make us the ideal partner for local, regional or global financial institutions," said Neil Ramchandran, Partner and CEO of Capco India, who is also supporting the build out of Capco's Hong Kong operations.
Commenting on the office opening, Ramchandran added, "Capco's highly experienced Hong Kong team will serve both local Asia-Pacific based clients as well as existing client relationships with global institutions in the region. We are also well positioned to leverage FIS' expansive footprint in the region to help shape our clients' transformation agendas."
Peter Schurau, CEO of Capco Europe and Asia-Pacific said, "It is an incredibly exciting prospect to be opening a Hong Kong office at this time. With industry research suggesting that bank IT spending in Asia-Pacific will reach $70 billion in 2015, and our own experience of increasing client demand, we have a great opportunity to build out our presence in the region over the next three years. I look forward to supporting our Asia-Pacific team in writing another chapter in Capco's ongoing global success story."