Neha Patil


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Area served  Worldwide
Headquarters  Flemish Brabant, Belgium
Founded  1998
Parent organization  FIS
Key people  Lance Levy (CEO)
CEO  Lance Levy (Sep 2015–)
Founder  Rob Heyvaert
Number of employees  3,000
Industry  Management Consulting, IT Consulting

The Capital Markets Company N.V., referred to as Capco, is a global business and technology consultancy based in Antwerp, Belgium with offices in financial centers across North America, Europe, Asia, and Africa. Capco is a subsidiary of FIS company based in Jacksonville, Florida. Capco works only in the financial services industry, unlike the Big Four professional services firms. As of the 1st November 2015, Capco had more than 3,000 employees internationally, and 23 offices.


Capco specializes in six financial services sectors: banking; capital markets; finance, risk and compliance; insurance; technology; and wealth and investment management. The company claims its current and past clients include about 75% of the world’s global financial services institutions.


Capco was founded in 1998 as The Capital Markets Company NV by Belgian entrepreneur Rob Heyvaert, with offices in Antwerp, London, New York, and Frankfurt. In 1999, Capco opened an office in Paris, France.

In 2000, a round of strategic investment led by Thomas Weisel Capital Partners enabled the company to expand its European and international presence with additional offices in Europe, North America and Asia.

The company was rebranded as Capco in 2001. That year, the first issue of the Capco Journal of Financial Transformation was published by the Capco Institute.

In 2004, Capco established a presence in the German market. In the same year Capco opened an office in Bangalore, India grew its staff to approximately 100 people in twelve months. Capco opened its Toronto office in 2005 to serve clients in the Canadian market.

In 2006 Symphony Technology Group (a private equity firm based in Palo Alto, California, U.S.) and Capco management purchased all outstanding shares in the company. The following year Capco acquired City Practitioners Limited of London, U.K.

In 2009 Capco opened offices in Chicago and Washington, D.C., growing from 75 to 475 employees in North America in a little over a year. Capco also opened an office in Geneva, Switzerland, focusing on its wealth and investment management business.

In 2010 Capco was acquired by Fidelity National Information Services (FIS), a provider of banking and payments technology. Capco founder and CEO Rob Heyvaert became a Corporate Executive Vice-President of FIS, and a member of the FIS Executive Management Team, while continuing in his role as CEO of Capco. Capco’s prior majority shareholder, Symphony Technology Group, did not retain any equity or interest in the combined entity on completion of the transaction.

Also during 2010, Capco opened offices in Amsterdam (the Netherlands), and Zurich (Switzerland). At that time, Capco totaled 13 offices worldwide with a presence on three continents.

Capco opened a Johannesburg, South Africa, office in 2011. A team of Capco employees participated in a climb of Mount Kilimanjaro, in association with the development charity VSO, as part of Capco’s corporate responsibility program. By the end of the year, the Capco global office network had grown to 15 offices worldwide with a presence on four continents.

In 2012 Capco opened its sixteenth office with a Slovakia-based nearshore center in Bratislava to complement its India-based offshore operations. In January 2013, Capco opened an onshore delivery center, located in Orlando, Florida, to supply financial institutions with commodity technology services. In 2014, Capco opened a Hong Kong office as the hub for its business across the Asia-Pacific region.

In 2015 Rob Heyvaert left Capco to pursue other interests and Lance Levy took over as CEO of Capco.


Capco offers consulting and managed services to the financial industry in banking and retail banking, capital markets, finance, risk & compliance, global delivery, Digital, technology services, wealth and investment management.


Capco claims that its current and past clients include about 75% of the world’s global Financial Services institutions. The company focuses exclusively on the financial services industry and provides services to banking, capital markets, insurance, wealth and investment management, and other financial organizations.

Journal of Financial Transformation

Capco's research unit, The Capco Institute, publishes the Journal of Financial Transformation which contains industry research, analysis and articles from academics, Nobel laureate economists, regulators, central bankers and industry experts. The Journal aims to advance thought leadership in the field of applied finance.

The Capco Institute holds an annual conference series in the UK with London's Cass Business School, and collaborates with Baruch College – The City University of New York. Articles in the Journal are peer-reviewed and submitted by financial services professionals and academics from institutions including Wharton Business School, INSEAD and Harvard Business School. The Journal is the only finance journal to be fully accredited by the American Economic Association. It has been a recipient of the Apex Awards for Publication Excellence (2002–2013), as well as awards from the European Finance Association and the Social Science Research Network. The Journal has also been ranked among the world’s foremost publications by the European Finance Association and the Social Science Research Network.

Awards and recognition

  • Capco named to 2014 best workplaces in Canada list, recognized for excellence in the workplace
  • Capco Makes the Sunday Times ‘100 Best Companies to Work For’ List Three Years Running
  • Capco Wins Financial World Innovation Award for Most Effective Staff Participation Initiative
  • Capco named to 2013 Best Small & Medium Workplaces List by Great Place to Work Institute
  • Capco ranked #12 in Consulting Magazine's "Best Firms to Work for 2013"
  • Capco is listed in The Times Top 50 Employers for Women list for 2013
  • Ranked 27th on the Sunday Times "100 Best UK Companies to Work For" 2013 list
  • Capco Frankfurt awarded ‘Employer of the Month’ Status for September 2012
  • Ranked 13th in Consulting Magazines's "Best Firms to Work For 2012" list
  • Apex Awards for Publication Excellence, 2002–2010
  • Ranked 27th on the Sunday Times "100 Best UK Companies to Work For" 2012 list
  • Apex Awards for Publication Excellence, 2002–2010
  • 2012 "Top Consultants" Award for client services
  • Consulting Magazine’s 2011 "Women Leaders in Consulting" Award
  • Consulting Magazine’s 2010 "Top 25 Consultants" Award for Excellence in Financial Services
  • Consulting Magazine’s 2010 "Top 15 Places to Work" Award
  • "Heart of the City" Dragon Award for Corporate Social Responsibility 2008
  • References

    Capco Wikipedia

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