Capco, the global business and technology consultancy dedicated solely to the financial services industry, today announced its expansion into Singapore with the launch of a new office to meet growing regional demand. The Singapore operation will be led by recently appointed Capco Partners Bao-Viet Lê and Charles Bokman. Mr. Bokman takes responsibility for wealth management consulting, while Mr. Lê will lead the banking practice in Singapore.

Capco’s Singapore team will focus on client challenges across the region including KYC, global payments transformation and regulatory initiatives. “The financial industry worldwide needs a trusted partner with deep knowledge to help them deal effectively with a range of issues, from tackling regulatory complexity to effective client onboarding and anti-money laundering,” suggests Mr. Bokman. “With this new office, Capco is uniquely placed to combine international expertise with an understanding of specific regional demands and conditions.”

“Given our commitment to continue growing our Asia-Pacific footprint, supported by the global assets and industry strength of FIS™, there could not be a better time to be a part of Capco’s ongoing success,” said Mr. Lê. “I’m excited professionally to join a global team with more than 3,000 Capco colleagues worldwide and the power to deliver our combined expertise from complex delivery through to offering utilities with an entrepreneurial and innovative spirit.”

The new office offers a wide range of capability, from high-net-worth customer banking expertise and digital banking experience development, to the entire core banking platform upgrades and renewals that are taking place in growing numbers through the region. Now based in Singapore, Capco is ideally positioned to support global financial institutions as many look to run pilots of their global programs across Asia.

Capco’s near-term ambition is to replicate the rapid success of the Hong Kong office, which has expanded exponentially as the result of singular focus on the financial industry and highly successful support of clients. Peter Schurau, EVP FIS and CEO, Capco Europe and APAC, said, “Our experience in Hong Kong strongly validates our commitment to Asia Pacific. This is clearly a region of continuing growth opportunities and, looking beyond Singapore, we already have a strong presence in Thailand. Given the existing profiles in these markets of our parent company, FIS™, and Clear2Pay (acquired by FIS™ in late 2014) there is every reason to believe we will continue our expansion to Australasia. Senior appointments of the calibre of Bao-Viet Lê and Chuck Bokman will accelerate that process.”

Mr. Lê brings to the company two decades of consulting practice focused on the banking industry, as well as eight years of experience in payments. He previously worked for another global consultancy, having held the role of Sales Lead across Emerging Markets (Russia, Saudi Arabia) and acting as Client Account Lead for several pan-European banks as a seasoned deal-shaper of large transformation programs covering Europe, Russia and Asia.

Mr. Bokman offers a further 20 years’ consulting experience, focused on wealth management transformation projects ranging from core banking replacement to digital strategy. He has worked with most of the major financial industry organizations across Switzerland, Europe, and Asia. His specific focus includes designing target operating models, regulatory compliance issues, providing portals/tools for RMs and enhancing data security.

Capco continues to recruit experts with deep domain financial services knowledge to support its growth both in Asia Pacific and globally.