Delta Capita, the international business & technology consulting and managed services firm, has announced the appointment of Steve Vinnicombe, former UK CEO of Capco UK, as the Chairman of its Group business.
The announcement follows a sustained period of growth for Delta Capita, charged by a number of high profile industry engagements. These have included the appointment as sole consultancy partner to ‘Plato Partnership’, a tier one investment firm consortium; and the appointment by Credit Suisse, one of the leading European issuers of structured products and structured product solutions, as the managed service provider for issuance and product governance of its structured products business across EMEA. This engagement involved the ‘lift-out’ of a team of industry experts from Credit Suisse to Delta Capita.
Steve Vinnicombe has more than 20 years of experience in the consulting industry. He started his career at Accenture, where he spent 11 years, specialising in Financial Services, his last role as a senior executive in the Capital Markets unit. Steve joined Capco in 2010 and was instrumental in helping the business achieve 25% compound annual growth between 2010 and 2016. Between January 2014 and June 2016, Steve served as the CEO of Capco in both the UK and South Africa.
Commenting on the announcement, Steve Vinnicombe, Chairman, Delta Capita said, “The world of financial services is being challenged like never before and Delta Capita has become a real, disruptive force in the way banks re-shape their business and operating models. Financial institutions need to be able to embrace new working models and fintech innovation, and this is a highly complex and often legacy-ridden challenge. Organisations cannot afford disruption or distraction from their regulatory or operating risk management focus and require credible, committed partners to help deliver the results they are striving to achieve.”
Vinnicombe continued, “Delta Capita’s treble digit compound growth is testimony to how they are helping financial institutions collaborate and create mutualised industry platforms. They are creative and flexible in their ambition to reduce cost, as well as rigorous in their commitment to deliver compelling solutions with both corporate control and managed levels of risk. My priority will be to help the management achieve their ambitious growth strategy and maintain the company’s entrepreneurial culture that sets it apart.”
Joe Channer, Delta Capita, CEO, added, "As Delta Capita continues to expand internationally, we must ensure that we continue to meet the highest standards of governance and control and we are delighted to welcome Steve as our Chairman. I have every confidence his wealth of management experience, combined with his industry and corporate insight, will prove invaluable in helping us avoid the potential pitfalls facing a rapidly growing consulting firm. He has been there before.”
The timing of the appointment of Chairman is part of Delta Capita’s strategy to enhance its Management Board and Corporate Governance team and deliver its growth plans ahead of the planned Series A funding round, due to open in March 2018.