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Capco expands European presence with Slovakia near-shore centre

Bratislava
Claus Hintermeier

Bratislava: Capco, the financial services consultancy, has extended its global reach, opening a near-shore centre in Bratislava, Slovakia, led by Claus Hintermeier.

Hintermeier joins Capco with 15 years of financial services experience. He has a strong focus on capital markets and core banking and has held senior IT and programme management roles at many major financial services organisations. Most recently he worked for Accenture as Delivery Centre Lead in Bratislava, Prague and Bucharest. In his new role, he assumes responsibility for Capco's new near-shore offering and local delivery team, based in Bratislava.

Slovakian recruitment drive

Hintermeier comments, "With the ongoing high volume of changes in the financial services market, many organisations continue to focus on the most cost and resource efficient way to deliver increasingly complex projects.

"With its proximity to Vienna and a very strong talent-pool, Bratislava presents Capco with an ideal base to deliver complex IT engagements to a pan European client base. Bratislava's physical and linguistic proximity to Western Europe combined with ready access to deep industry expertise will position us to provide leading consultancy services to our client base, while reducing our client's costs with minimal risk.

"Our near-shore offering integrates smoothly with Capco's existing off-shore services delivered from Bangalore. Capco has already established a strong reputation with many of the world's leading financial services institutions and I'm keen to continue building on this."

Farzine Fazel, Partner at Capco said, "The opening of this new office reflects the continued execution of our European growth strategy. Our near-shore operations offer even greater delivery capability and flexibility to our growing client base, and complement our existing talent and teams around the world.

"This move enables us to boost our systems integration and application development skill set, skills that are increasingly important given the levels of complexity inherent in the financial services landscape. Claus brings with him an impressive track record and experience of near-shore delivery and we are confident in his ability to drive the local team and business forward."

Capco says it is currently looking to hire individuals with capital markets and core banking expertise, both from the business and technical sides, with a particular focus on front / middle / back office experience, as well as trading systems including Kondor+, Murex, Summit or Calypso, and related testing activities.

The move to establish a presence in the Slovakian market brings to 16 the number of offices Capco now operates from across four continents.

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