Aiding a Global Asset Manager to review their best execution operating model to identify ‘gaps’ to current regulations, forthcoming MiFID II requirements, and industry best practice
Our client was looking to globalise its asset management functions in the US and UK, which had previously operated independently. As a first step, the client sought to enable investment teams in both locations to work collaboratively on global portfolios and strategies. This was currently a challenge due to the existing ‘best of breed’ systems landscape and split middle and back office operating models.
The client engaged Alpha to recommend a global target operating model, to meet front office user requirements and to meet the strategic objectives of the global business.
- We mobilised a team in the UK and US which leveraged our in-house front office expertise and proprietary methodology to rapidly perform an analysis of the current state architecture
- Conducted detailed interviews with c.130 front office representatives across multiple UK and US
- Our final recommendations included a global target operating model, IT & data architecture design, high-level implementation roadmap and business case
We achieved agreement on the strategic target model across a broad range of global stakeholders, and developed a high-level business case and implementation roadmap to enable the client to swiftly begin implementation.
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Assisting a Global Asset Manager to overcome a complex legacy Salesforce platform and develop a target operating model