Capco has hired Dr. Olaf Clemens as a new partner in the firm’s Frankfurt office.

Dr. Clemens joins the technology and management consultancy firm from Deutsche Bank, where he worked directly for the former CEO.

Frankfurt.Dr. Clemens is a business transformation specialist who has worked for 15 years in financial services, starting his career at KPMG. In his new role, he will support major banks in developing new business models and drive forward the implementation of technology-focused projects.

Bodo Schaefer, Managing Director for Capco Germany, was pleased with the appointment of such an experienced professional as a partner at the firm.

He said: “With Dr. Clemens’ appointment, we are pleased to welcome another proven financial professional to our team. Olaf brings significant expertise and a strong network in banking, capital markets, risk management, regulatory and IT expertise, and he will play an important role in helping to expand Capco’s presence in the industry and drive further business opportunities. We are witnessing a period of upheaval and opportunity across financial services in Germany, and Olaf is the ideal candidate to oversee the complex transformation projects that will ensure our clients can continue to lead and shape the industry in the future.”