Wipro said that it has launched a new Middle East financial services advisory capability through Capco, which will cater to financial services firms in the region with strategic management and technology consultation.

Capco, which was acquired last year by the Indian IT services provider for $1.45 billion, will help financial services firms with their initiatives in transformation, digitization, and business consolidation.

Lance Levy — Capco CEO and Wipro Financial Services Business Executive Sponsor said: “Our ambition in the Middle East is simple– for Capco, as a creative, disruptive management and technology consultancy, to support the region’s most prestigious financial services institutions.

“Capco has always been about pushing boundaries and creating new opportunities, for our business and our people. Our new Middle East presence continues to deliver on that.”

According to Wipro, the new Capco consulting capability in the Middle East will be headed by Naim Alame as its Managing Partner. Naim Alame has been roped in from Accenture Middle East and is said to be experienced in financial services, helping top tier banks in the region in implementing digital and core transformation programs.

Naim Alame — Capco Middle East Managing Partner said: “The success of Capco’s innovative and entrepreneurial approach is recognized across the financial services industry. Capco’s bold ideas and value propositions will allow financial services firms in the region to enhance the scope, accessibility, and attractiveness of their offerings to their customers.

“I look forward to partnering with Middle Eastern clients to design and implement bespoke, strategic programs that will deliver true value and differentiation.”

  Capco, digital transformation, Lance Levy, Middle East, Naim Alame, Wipro