New York University Polytechnic Institute and Capco Institute Announce Collaboration on Next Issue of Capco’s Journal of Financial Transformation

The New York University Polytechnic Institute’s Department of Finance and Risk Engineering and Capco Institute today announced that they will collaborate on a special issue of Capco’s Journal of Financial Transformation and an event to be held in New York City in June, 2011.

The special issue, entitled “The NYU-Polytechnic Institute and Capco Institute Paper Series in Applied Finance,” will have as its theme: “The Post-Crisis World of Financial Services.”

“Financial organizations and markets will likely remain exposed to high levels of risk until reform measures take hold and companies improve their internal controls and transparency,” said Charles Tapiero, Chair of New York University Polytechnic Institute’s Department of Finance and Risk Engineering and Professor of Financial Engineering and Technology Management. “Our collaboration with the Capco Institute is intended to shed new light on what the world of financial services will look like in the future and the best practices that businesses should embrace to survive and succeed.”

Christopher Hamilton, Partner at Capco, said:  “The world has spent far too much time looking back at what went wrong during the current crisis and not enough time on what needs to be done to prepare the world of financial services for prosperity post-crisis.  It is now time that we bring together the best thinkers in finance to work through how we can build a more solid and sustainable financial services industry for the future. This collaboration with NYU’s Polytechnic Institute is the perfect forum for achieving such objectives.”

“The Capco Institute is very pleased that NYU’s Polytechnic Institute has chosen to collaborate with us on this important paper series. We all agree that the gap between academic thinking and business application has remained far too wide for comfort and that we need to do all we can to help mitigate that. This collaboration will help bring together senior members of both academic and financial institutions to think about what the future ecosystem of finance can look like.  Looking for solutions to this problem in isolation is simply a recipe for another disaster,” said Prof. Shahin Shojai, Global Head of Strategic Research at Capco, and the Head of Capco Institute.

The collaboration will be managed by:

• Professor Charles Tapiero, Topfer Distinguished Professor of Financial Engineering and Technology Management; Chair, Department of Finance and Risk Engineering at New York University - Polytechnic Institute; and Co-Editor-in-Chief, Risk and Decision Analysis;
• Professor Shahin Shojai, Global Head of Strategic Research at Capco; Editor of the Journal of Financial Transformation; and Director of the Cass-Capco Institute Papers Series on Risk; and
• Christopher Hamilton, Partner and Global Go-to-Market Lead, Capco.

The call for papers for the special issue will be announced shortly.  Additional information about this collaboration is available by contacting Professor Shahin Shojai at editor@capco.com

About Capco Institute

Capco, the 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 organizations 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 specialize in banking; capital markets; wealth and investment management; finance, risk & compliance; and technology. We serve our clients from offices in leading financial centers across North America and Europe. To learn more, visit our web site at www.capco.com.

About NYU Polytechnic Institute

Polytechnic Institute of New York University (formerly Polytechnic University), an affiliate of New York University, is one of New York City’s most comprehensive schools of engineering, applied sciences, technology and research, and is rooted in a 156-year tradition of invention, innovation and entrepreneurship: i²e. The institution, founded in 1854, is one of the nation’s oldest private engineering schools. In addition to its main campus at MetroTech Center in downtown Brooklyn, it offers programs at sites throughout the region and around the globe. NYU-Poly has centers in Long Island, Manhattan and Westchester County; globally, it has programs in Israel, China and will be an integral part of NYU's campus in Abu Dhabi opening in autumn 2010.