Plenitude, a niche consultancy, specialising in Financial Crime Risk and Compliance, has announced the appointment of Steve Vinnicombe, former UK CEO of Capco UK, as a Non-Executive Director to help deliver Plenitude’s ambitious growth plans to meet the challenges posed by the evolving landscape of Financial Crime compliance.
The announcement follows a sustained period of growth for Plenitude, charged by a number of high profile client engagements. Plenitude works with a wide array of financial institutions including banks, insurance companies and asset management firms, providing deep subject matter expertise, advisory and transformation services on some of the largest and most complex Financial Crime Compliance (FCC) initiatives in the industry. Plenitude’s track record includes working with 6 of the 14 global banks that are subject to the Systematic Anti-Money Laundering Programme (“SAMLP”) in preparation for the review and response programmes.
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 said:
Financial Crime Compliance is at the epicentre of the seismic changes that Financial Services is undergoing. There is a significant opportunity to address both the regulatory and social imperatives related to money laundering , terrorist financing, sanctions evasion, bribery and corruption, fraud and tax evasion.
Plenitude has developed a well-deserved reputation for serving its clients with first rate advice and committed execution in its work to date. I am looking forward to helping the firm through the next stage of its growth as it deepens its client relationships, invests in different IP-led products and sponsors the development of its high calibre consultants.
Alan Paterson, Plenitude Managing Director, added: “We are delighted to be joined by Steve as we gear up for the next stage of Plenitude’s growth. We are proud of the reputation we are earning for delivering high quality Financial Crime Compliance advisory and transformation services. Steve’s appointment builds on the hiring we have done this year to significantly increase our permanent headcount and further bolster our FCC expertise and capability. Steve’s experience in growing Financial Services consulting businesses will be a valuable asset to our leadership team as we navigate the opportunities ahead of us.”
Steve Vinnicombe’s priority is to help Plenitude achieve its growth strategy, including further market penetration of new subscription services that offer clients enhanced insight into the vast array of FCC laws, regulations, guidance and risk indicators.