Frankfurt: Armin Schmitt is to lead Capco's operations in Continental European, the financial services consultancy announced this week.
Capco partner Schmitt will now have responsibility for the firm in Benelux, France, Germany, Switzerland and Capco's near shore centre based in Bratislava, Slovakia.
Previously, he was head of Capco's operations in Germany, German-speaking Switzerland and Eastern Europe.
Schmitt comments, "The unique mix of opportunities and challenges facing the financial services industry means that demand for Capco's insight, experience and proven delivery capabilities continues to grow.
"To offer our existing and future clients the optimum service response, we have concentrated our offer in three key areas: consulting, sourcing and transformation. We believe these lines of business directly address our clients' needs for innovation, increased customer satisfaction, reduced complexity and greater cost-effectiveness.
"Our consulting and transformation heartland is now strengthened by significant new developments in sourcing, driven by the establishment of a dedicated team. I am very excited to be given the opportunity to lead Capco's operations in Continental Europe as we enter the next phase of our development."
European CEO Peter Schurau adds, "Armin has played a key role in successfully growing Capco's operations in one of our major European markets, delivering outstanding work for our clients and providing exciting growth opportunities for our people. I am confident that his strong leadership and significant expertise in both the financial and professional services industries will stand him in good stead as Capco embarks on the next chapter in its development."
Before he joined Capco in 2007, Schmitt spent some ten years in senior leadership roles in consulting firms, including KPMG and BearingPoint, where he was head of banking for Germany and Switzerland.
He has also worked within the financial services industry. He started his career at Chase Manhattan and also served as co-Head of IT at DZ Bank.