Fri, Dec 13, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Capco launches prime brokerage consulting offering

Friday, November 29, 2019
Opalesque Industry Update - Capco, the global technology and management consultancy dedicated to the financial services industry, has announced the launch of a new Prime Brokerage Consulting offering.

Prime Brokerage Consulting will support prime brokers as they navigate ongoing regulatory change, implement their data and digital transformation agendas, and undertake internal projects including vendor selection and target operating model projects.

Anthony Bennett has joined Capco's Capital Markets practice and UK leadership team as an Executive Director to lead the new initiative.

Formerly Global Head of Prime at KPMG Consulting, Anthony brings 20 years' experience building and managing prime brokerage platforms at leading global banks, including Goldman Sachs, Morgan Stanley, HSBC and Société Générale Corporate & Investment Banking, where he was Managing Director, heading up prime brokerage, clearing and commodities client services globally.

Mike Ethelston, UK Managing Partner at Capco, said:

"In many respects prime brokerage represents a microcosm of the key challenges facing the wider banking industry, notably the impact of regulatory change and compliance, the evolution of operating models, and the need to reengineer internal capabilities and external around data and technology. Our new offering represents a natural extension of our existing capabilities and allows us to offer a greater degree of scale and technological prowess than is currently on offer in this space."

Anthony Bennett said:

"Hedge fund clients of investment banks are sophisticated and hence very focused on innovation in respect of data, the cloud and APIs, and prime brokers are accordingly looking hard at enhancing client experiences and what prime as a platform, and the future of Prime as a Service, really means. When you combine this with the ongoing regulatory and change agenda at the banks, there is a tremendous opportunity to service this demand. Capco is ideally placed to meet those needs and provide the technical expertise and domain knowledge that banks are looking for."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. PE/VC: The truth about private equity fund size, US VC investment in female founders hits all-time high[more]

    The truth about private equity fund size From Institutional Investor: As the end of the year approaches, institutional investors in private markets are wrapping up work on the last few funds we need to invest in to hit our targeted annual commitment levels. You see, private equity

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund