New CEO vows to expand financial services software consultancy Scott Logic into new sectors

January 14, 2021

Software consultancy Scott Logic, which has a major base in Bristol, is looking to expand beyond its traditional financial services market after appointing a new CEO.

Stephen Foreshew-Cain, pictured, joined the firm, which employs more than 300 people across its five UK and European locations, from US-headquartered global software consultancy ThoughtWorks, where he held the position of UK Chief Operating Officer. 

He was previously former executive director of Government Digital Services (GDS) and has also held senior roles at some of the world’s biggest consultancies, including Accenture and Capgemini, and also at client-side organisations such as ITV and the Co-op.

He aims to further establish Scott Logic as a home for the UK’s greatest tech talent and to cement relationships with the broader communities in its UK locations – Newcastle, Bristol, Edinburgh and London.

The firm helps organisations primarily in investment banking and financial services overcome a wide range of complex challenges. Stephen Foreshew-Cain believes its expertise can now be used by clients across a wide range of sectors.

“We have a reputation as a trusted partner with our clients and we want to deepen those relationships and build new ones with broader communities,” he said.

“We aim to have an influence beyond our core activity, addressing diversity and impacting the industry in a positive and progressive way.”

He said, once he started discussions with the firm, it became clear that Scott Logic was the type of organisation he was drawn to.

“[It is] one that puts its people at the heart of decision-making and allows tech people to flourish,” he said. 

“Technology can be transformative, and I want to build on the heritage and expertise that Scott Logic has in financial services and apply that to other industries, such as the public sector.

“I believe in the vast potential of technology and in the duty of companies to do more than just make a profit and this will be a priority for Scott Logic this year.

“Because I have experience as a consultant but have also spent long periods in my career on the client-side, I can see the challenges that face businesses and understand the best models for deploying professional services to drive good outcomes for them.”

Technology was a true driver of change and had become even more central to organisations since the emergence of Covid-19, he added.

“I’ve been blown away by the quality and dedication of our software engineers, architects, designers and project managers and 2021 will be an exciting year for Scott Logic.”

He succeeds Gary Scott, Scott Logic’s former managing director and founder, who will remain with the firm as chairman.

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