Sun, Jul 12, 2020
A A A
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. PE/VC: Disruption from COVID-19 hits ASEAN private equity hard, VCs see much to like in Democrats' $1.5tn Moving Forward Act, US PE firms play the long game as deal-making comes back into focus[more]

    Disruption from COVID-19 hits ASEAN private equity hard Opalesque Industry Update - After a strong 2019, the ASEAN private equity industry has been shaken by the outbreak of the COVID-19 pandemic, reports Preqin. As of September 2019, ASEAN-focused private equity and venture capital asset

  2. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  3. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors

  4. Tech: Pandemic boosts digitalisation across the fund industry, The India-China bust up and what it may mean for tech, Machine learning goes global[more]

    Pandemic boosts digitalisation across the fund industry From International Investment: The pandemic has certainly accelerated change and digitalisation in ways that we never imagined, including the funds industry in Luxembourg. Business Continuity Planning and Disaster Recovery Pl

  5. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating