Clients
Our client base primarily comprises of banks and asset managers (both traditional long only and hedge funds.) We also work with other service providers to this client base such as software vendors and other consultancies, where we can add value to their service offering.
We have worked with some of the world’s largest investment banks and prime brokers through to international wholesale banks, private banks and dominant players in developing economies. On the sell side we have worked with major asset managers in both the alternative and traditional sectors.
Client
Prime broker
Location
US
Client need
The client wished to provide its hedge fund client base with an online tool to enable them to conduct a self-assessment of their control environment.
Our deliverables
We designed an online survey which asked questions about various aspects of a fund manager’s risk and control environment. At the end of the survey the fund manager was presented with a score for the quality of its control environment and areas of potential weakness were highlighted.
Client
Pension fund manager
Region
Benelux
Client need
The client had decided to upgrade its risk management capabilities and was in the process of building a risk management department. The client had produced a draft risk management policy but wished to have this reviewed to ensure compliance with best market practice.
Our deliverables
Having held a series of meetings with senior client employees to ensure we fully understood the business, we reviewed the policy to identify areas of policy and procedures which could be improved and where the client fell short of best market practice. The scope included all areas of the fund manager’s risk practices including market risk, liquidity risk, tracking error and compliance with investment mandates.
Our findings were detailed in a report which was presented to management.
Client type
Private bank/asset manager
Region
Asia
Client need
The client wanted to be able to perform stress tests on its security portfolios to ascertain areas of excessive concentration.
Our deliverables
We developed a stress testing model which took into account asset correlations and liquidity. We also calculated appropriate stress parameters to be input into the model.
Client
Hedge fund manager
Location
UK
Client need
The client had recently expanded its trading volumes and had started to enter into more complex products. The client wanted to upgrade its risk management practices to take account of the additional risks being undertaken and to ensure compliance with best practice.
Our deliverables
We reviewed the fund manager’s risk practices and identified areas of weakness. We advised the fund manager on the appropriate risk governance and policies that should be put in place. We then worked with the fund manager to develop a suite of reports and stress tests to be delivered from its recently implemented portfolio and risk management system.
Client
Retail and commercial bank
Region
Middle East
Client need
The client wanted to improve its operational risk capabilities, in respect of governance, product approval process, control self-assessment and Key Performance Indicators.
Our role
We assisted in the identification of gaps and the development of processes and controls to improve the operational risk environment.