'Big Catch' for Capco; Capco Announces Appointment of Gopi Chelliah - Former MD and CIO at Deutsche Bank - as Executive Vice President BPO / Sourcing Development, and Member of Capco's Executive Management Committee.

LONDON -- Capco is pleased to announce the appointment of Gopi Chelliah as Partner and Executive Vice President, Business Process Outsourcing and Sourcing Development. Based in London, Mr. Chelliah will also serve as a key member of Capco's Executive Management Committee and the Capco Transformation client services team. He will be responsible for growing and managing the delivery of all IT and Business Process Sourcing services for Capco, including Capco India. This is a key strategic direction for Capco, leveraging its domain expertise to provide its clients sourcing solutions that can be an extension of their operations.

Mr. Chelliah joins Capco from Deutsche Bank, where he was Managing Director, CIO Cross Business Technology and Operations, a member of the Technology and Operations Management Committee of the Deutsche Bank Group and of the Deutsche Bank London Board. He managed technology and operations functions across investment and retail banking including Risk, Finance, Compliance, Human Resources IT, Enterprise-wide Architecture, Operations Control and Reference Data. Whilst at Deutsche Bank, Mr. Chelliah delivered the first industry Business Process Sourcing of Operations Control functions, in addition to extensive IT sourcing.

Prior to Deutsche Bank, Mr. Chelliah held senior leadership positions in the banking industry for more than 15 years, having led operations and technology functions at a global level with other industry leaders including UBS and CSFB. He brings extensive experience of sourcing from the buyer side, having pioneered the development, negotiation and implementation of some of the banking industry's most substantive and innovative sourcing programmes in both technology and business process operations.

Gopi Chelliah said: "I look forward to my role at Capco. The company is leading the way in terms of its proposition to customers in reference data services, sourcing and business process outsourcing. I relish the opportunity to further build and contribute to the strength of these business practices."

Rob Heyvaert, Founder, Chairman and CEO of Capco commented: "This is a significant appointment for Capco and we are delighted to welcome Gopi Chelliah to the Capco leadership team. Gopi's experience as a senior banking executive combined with his knowledge of IT, operations, sourcing, and BPO strategy and delivery will bring significant benefits to Capco's clients."

About Capco

With subsidiaries in North America, Europe and Asia, Capco is the leading global provider of integrated consulting, processing services and products, engineered by financial services experts exclusively for the financial services industry, particularly in Capital Markets, Private Clients and Asset Management, and Banking. As pioneers of new ways of transforming operational capability and efficiency, it helps clients successfully increase revenue, reduce costs and enhance control. For more information, please visit www.capco.com.

About Capco Reference Data Services

Capco Reference Data Services (CRDS) helps organizations achieve superior data integrity, solve integration issues and optimize operational performance while lowering data costs. CRDS offers a range of data management outsourcing services, prepackaged value-added data products and consulting services. For further information on services and products, please visit www.capco.com/crds.

About Capco's expertise in Sourcing and Business Process Outsourcing (BPO)

Capco's expertise in Sourcing enables financial services organizations to concentrate key operations in global centers of competence that take advantage of comparative and location advantages in cost, quality and skills. This includes transformational methodologies and strategies to source operational and technology activities through a blend of onshore/offshore locations and global competency centers (outsourced, insourced and shared services). Capco also offers BPO services, where a complete transfer of operations to Capco - using existing or new technology and people - allows a financial services organization to take advantage of scale, expertise and cost benefits which are not available to them in-house.

About Capco's Service Delivery Center in Bangalore

Opened in December 2004, Capco's service delivery center in Bangalore, India, is a part of a sophisticated and seamless onshore-offshore delivery model. The new center represents an estimated $1 million facility, technology and operations infrastructure, and human capital investment by Capco to support the rapid expansion of Capco IT service India.

The Bangalore facility supports among others several Tier One financial services clients and is a fully integrated office within the Capco and Capco Reference Data Services global network. It offers a full compliment of business services, data operations, and software development, testing and production support for Capco's wide range of managed data services, data solutions and technology solutions.