Capco has launched a North American Wealth and Investment Management Group to service wealth managers, investment institutions and investor services firms.
Capco partner Edward Hawthorne will lead the new group, which will provide management and technology consulting services around wealth management, investment management and investor services.
Services and solutions will also include change management, open architecture product strategy, operating model design, clearing platform technology evaluation, ETF processing and merger integration.
Hawthorne said in a statement, “Given the sustained challenges the market is facing, we expect that pressure on margins will remain and this presents significant challenges to the profit outlook for investment managers.”
He added, “Reduced margins have been driven in part by declines in asset values from their 2007 peak, redemptions, and redistribution of mandates. In response, businesses are turning to Capco for advice on strategies to achieve their profitability goals by optimizing their product and service capabilities and increasing the efficiency and scalability of their operating platforms. Capco is well suited to address these demands.”