Case study

Continuous Coverage of Approved and Recommended Universes for Advisory Team

advisory team

2,000+

100%

7,000+

99.9%

Unique global equity and credit names covered Alignment with bank’s in-house investment philosophy Reports delivered annually via a secure file transfer platform Timeliness of automatic daily data refresh and delivery

Client

Advisory team of a top-10 Swiss-headquartered private bank.

Opportunity

With the MiFID-II implementation looming, the client’s Europe team had a strict timeline of producing research on their Approved Universe, comprising 1,200+ equities and credit issuers around the globe. In addition, the client’s Asia team was required to produce research on 700+ credits in the Recommended universe to conform with the HKMA’s compliance requirements. Apart from initiating the coverage, both the teams needed i) ongoing maintenance of the coverage, ii) a daily refresh of data in all the factsheets and iii) the flexibility to churn the portfolio anytime during the year

Solution

  • Designed the template keeping in mind the client’s preferences, and automated the data extraction process to ensure quick update of market data and financials.
  • Formed a flexible team of 20 senior analysts based on rating categories, sectors and geographies to deliver all initiation reports within 4 months of commencement.
  • Prepared a project tracker to ensure that 100% of the names were covered regularly in every quarterly reporting season, and monitored the universe for major events.
  • Delivered ready-to-distribute reports in sync with the client styling and formatting guidelines, along with the option to add region-specific disclaimers.
  • Created an automated solution to i) refresh the files on a daily basis, ii) rename it based on client guidelines, iii) create a RIXML file for each report produced, and iv) upload it on a highly secure, access-controlled SFTP platform for client consumption.
  • Supported in expansion of universe across developed and emerging markets by creating equity/bond screeners and new debt issuances trackers.

Value Delivered

  • A white-labeled, multi-year solution with standardized research output at ~60% lower costs compared to a similar team being deployed onshore.
  • Transfer of intellectual property (IP) enabled consumption of factsheets for various purposes across the bank’s stakeholders including regulators, relationship managers, and end clients.
  • Automation-driven execution and lower time to market, with >99% of reports being finalized without material changes.
  • Expansion of Recommended universe to over 250 credits from 50 within 3 months.

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