New UK CEO Takes the Helm at Leading Financial Services Consultancy Capco

LONDON, July 18, 2011 -

Andrew Tarver to Continue Growing UK Business by Ensuring
Delivery of Innovative Thinking and Added Value in Client
Engagements

Capco, the global business
and technology consultancy dedicated solely to the financial
services industry, has announced today that Andrew Tarver has been
appointed Capco’s UK Chief Executive Officer. Thirty-five year old
Andrew was previously a Partner in Capco’s UK capital markets team.
href="www.capco.com/about-capco/who-is-who/ismail-amla">Ismail
Amla, Capco’s previous UK CEO, will now head Capco’s North
American practice.

Andrew has 12 years’ experience in financial services
consultancy serving tier one capital markets clients. Throughout
his career he has been responsible for planning and executing
global change programmes, defining technology and operations
strategies, designing target operating models and specialising in
process and technology delivery across a range of derivative
products. Andrew joined Capco in 2010 from Accenture where he was a
Partner in the firm’s Capital Markets practice.

href="www.capco.com/about-capco/who-is-who/andrew-tarver">
Andrew Tarver, Capco Partner and UK CEO, said:

“I am delighted to have been asked to lead Capco’s UK business.
I am proud to be part of a firm that prioritises the interests of
its people and clients above everything else. We have a
client-centric approach in all that we do and I will look to ensure
that we continue to act as trusted advisers, challenging our
clients to think differently.

“This is an exciting time to be working in the financial
services industry alongside the sector’s leading firms, but even
more so, an exciting time to be part of Capco. We are incorporating
the most innovative thinking into all our offerings, including the
implications of mobile banking, social networking and creative
solutions to address regulatory change, to ensure our clients have
the very best solutions, delivered by the best talent in the
industry.

“For example, a major challenge we are helping clients address
is the diminishing Return on Equity (RoE). RoE targets are being
revised downward as capital scarcity, leverage constraints and
pressure on product innovation limit revenue growth, whilst cost
bases are largely unchanged from the peak of the last banking boom.
Financial institutions are retrenching from their previous product
and market growth strategies. Many have embarked on formal cost of
capital reviews to identify value destroying business lines and
functions.

“Rather than simply reducing costs, we strongly believe
institutions should be taking the opportunity today to identify new
revenue streams through innovation and by “sweating” their existing
assets better. Capco is working to architect the future financial
operating model, where it can act as both a partner and a
participant.”

href="www.capco.com/about-capco/who-is-who/peter-schurau">
Peter Schurau, Partner and CEO for Europe,
said:

“I look forward to working closely with Andrew to further
develop Capco’s UK offering. At Capco we reward excellence
regardless of age and Andrew’s appointment as UK CEO reflects the
significant contribution he has already made to the company.

“His predecessor, Ismail Amla, leveraged the economic
environment to significantly grow Capco’s UK business and Andrew is
well-placed to continue this trajectory. Capco is now a part of the
FIS™ family and Andrew will
be working with our parent firm to identify and leverage UK
business opportunities.”

Notes to Editors

Andrew Tarver biography

Andrew joined Capco in 2010, where he has been a member of
Capco’s UK capital markets team. He worked in Accenture’s European
capital markets practice from 2000-10, gaining experience with tier
one capital markets clients. He was made Partner in 2008. Andrew
graduated in 1999 from Bath University where he studied Business
Administration.

About Capco

Capco, a global business and technology consultancy dedicated
solely to the financial services industry. Our professionals
combine innovative thinking with our unrivalled first-hand industry
knowledge to offer our clients consulting expertise, complex
technology and package integration, and managed services to move
their organisations forward.

Through our collaborative and efficient approach, we help our
clients successfully increase revenue, manage risk and regulatory
change, reduce costs and enhance control. We specialise in banking;
capital markets; wealth and investment management; finance, risk
& compliance; and technology. We serve our clients from offices
in leading financial centres across North America and Europe. To
learn more, visit our web site at href="www.capco.com/">capco.com and subscribe to Capco’s
newsroom RSS
feed.

Contact: Robert Akam, T: +44(0)20-7400-4480, E: rakam at hanovercomms.com; Joe Eldridge,
T: +44(0)20-7400-4480, E: jeldridge at hanovercomms.com