-
$3m
in savings since inception
-
50%
time savings
-
$1m
annualized cost savings
-
20%
coverage expansion
CLIENT CHALLENGES
- The client, a bulge-bracket Japanese investment bank, wanted to offshore credit research support for its corporate bond trading desk in the high yield and distressed space. Its requirements included
- Building credit models on the issuers of bonds
- Monitoring the coverage universe through regular model updates and major news/events analysis
- Undertaking relative valuation analysis for the existing portfolio of bonds
- Preparing credit reports and write-ups on various companies and sectors
OUR APPROACH
- Kicked-off as a single-member engagement to update modelsand summarize earnings calls
- Worked closely with client analysts to understand their idiosyncrasies and created a more standardized template for both models and earnings calls to gain efficiencies
- Identified additional areas of support, including updates to the quarterly handbook and preparation of organizational structures
- Deployed supervisory overlay to ensure accuracy and timeliness of deliverables
- Provided periodical supervisory governance to ensure timely feedback was sourced and incorporated in deliverables
IMPACT DELIVERED
- Grew the engagement, which began with only one analyst, to a five-member team
- Provided support on European (Developed Markets), European (Emerging Markets), and US markets coverage
- Supported the client on timesensitive ad hoc research and analytical tasks
- Standardized tasks, helping the client save an additional 10% of total time spent
- Freed up bandwidth, enabling client analysts to spend more time with companies’ management and investors, and to generate ideas
- Saved over $1m annually for the client
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