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Case Study Virtual Captive Top 5 Global Investment Bank

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Title: Case Study Virtual Captive Top 5 Global Investment Bank


1
Case Study Virtual Captive (Top 5 Global
Investment Bank)
  • Adventity was selected by a top 5 Global
    Investment Bank as its partner to create the
    industrys first virtual captive, generating
    significant savings and productivity gains across
    the Bank in all its key offices worldwide.
    Adventitys successful integration into our
    Clients operations has enabled a rise in Junior
    Banker morale and a smoothing of hiring costs and
    pressures at all Analyst / Associate levels.
  • Formation of Virtual Captive Engagement Steering
    Committee (VCESC) to ensure timely and successful
    implementation
  • Weekly project plan review
  • Joint hiring effort to identify India Analyst
    class of 80 members including in person and
    video conference interviews by Client team
  • Replication of client IT systems to ensure India
    team has exactly the same working environment as
    US Analysts
  • Hiring and co-branding strategy discussions
  • Adventity Analysts underwent 6 weeks of Client
    in-house training program, including industry
    specific training by bankers onsite at Adventity
    facilities
  • Allocation of Analysts to different industry
    groups to ensure development of industry
    knowledge and close alignment with Banks
    in-house Analysts
  • Adventity Analyst team promoted internally to all
    Client senior banking and management as a
    distinct analyst class versus just another
    service provider
  • Currently working firmwide in all key office
    locations of the Client (New York, Chicago,
    Houston, US West Coast, London, Singapore, Hong
    Kong, Australia)
  • Analysts staffed on deal teams and the work
    covered includes
  • Equity / MA / Debt Comps
  • Company / Industry Profiles
  • Specialized research for senior banker idea
    generation
  • Credit Analyses
  • Industry Competitive Database Creation
    Maintenance
  • Capital Structure Analyses
  • Financial Modeling (LBO, Merger Consequence,
    DCF modeling)
  • Investment Memoranda
  • Due Diligence Summaries

Adventitys rich experience in Knowledge Process
Outsourcing has resulted in a successful
execution of the Virtual Captive model, resulting
in full integration of our high quality Analysts
and services across Clients Investment Banking
platform.
2
Case Study Independent Equity Research House
  • Our Independent Equity Research Client was
    seeking to both address and take advantage of the
    challenges to the equity research industry post
    Spitzer settlement in a creative, cost effective
    manner. As the majority of listed U.S. stocks do
    not receive research coverage, there was a market
    opportunity our Client wanted to exploit.
  • Summary of Engagement
  • Our Client sought to create an extensive coverage
    database of small- and mid-cap U.S. stocks.
    While overall guidance is provided by our
    Clients analysts, 90 of the analysis and
    report writing is performed and maintained by the
    Adventity team.
  • Sectors / Industries covered include
  • Healthcare / Biotech
  • Communication / Technology
  • Financial
  • Engagement logistics included
  • Initial creation publishing of initiating
    coverage reports for target universe
  • Core team of 10 Adventity Analysts progressed
    released priority list during 6 months of
    engagement
  • Coverage universe expanded by several hundred
    companies following successful completion of
    initial target list
  • Team expanded to provide maintenance and coverage
    of progressively expanding coverage universe
  • Collaboration software deployed for workflow
    management
  • Companies initiated and covered by Adventity are
    regularly presented at US investor conferences
  • Energy / Commodities
  • Retail / Consumer
  • Diversified Industrials

Adventity enabled our Client to maintain their
core US-based Analyst strength yet expand their
coverage to 5x pre-outsourcing levels, with
further expansion planned.
3
Case Study Bond Assurance Company
  • Our Client is one of the market leaders in the
    bond assurance space in the U.S., underwriting
    principal and interest payments of public
    finance, structured products and broad range of
    other fixed income deals. Rapid expansion in
    demand led to our Clients portfolio monitoring
    and surveillance practices and systems had not
    kept pace. Given their zero-loss underwriting
    standard and difficulty finding competent,
    affordable personnel, our Client turned to
    Adventity for a solution.
  • Adventity undertook a 2 pronged approach Create
    a robust system then perform the surveillance
  • Database Optimization and Interface Creation
  • Adventitys database team in conjunction with our
    business analysts performed a full review of our
    Clients credit portfolio database
  • Interviewed all end users to understand gaps,
    problems, needs, wish list
  • Performed full data scrubbing and consistency
    exercises, creating reliable, useable data across
    all transactions
  • Created user friendly graphical user interface
    (GUI) for data input, screening, report writing
    and analysis
  • Stress-tested the combined database and interface
    with end user input
  • Established help desk for regular upgrades,
    improvements and trouble shooting
  • Maintenance, Screening and Analysis of Credit
    Portfolio
  • Input and quality checks of monthly / quarterly /
    annual financial updates from credits
  • Review of portfolio against covenants and broad
    range of credit parameters creation of
    transaction ratings flagging high risk /
    high profile transactions for deeper analysis
  • Follow up deep dives in conjunction with Client
    Analysts

Adventity provided our Client with an enhanced
surveillance system and process, enabling more
regular surveillance of a larger portion of their
transaction portfolio, increasing their early
warning capabilities and further reducing the
risk of underwriting losses.
4
Equity Research division of a prominent
Middle-East based investment bank
  • Our Client was created 18 months ago to
    specifically capitalize on the rapid development
    of the MA and capital markets in the Middle East
    / North Africa region. With a nascent banking
    and private equity infrastructure in the Middle
    East, our Client sought to quickly establish
    itself as the gold standard in the region for
    banking, advisory and investing services. Not
    wanting to develop an in-house equity research
    practice, Adventity represented a completely new
    way to build a research division that would drive
    our Clients thought leadership for the region,
    with no direct overhead impact on client and
    reduced management outlay.
  • Summary of Engagement
  • Adventity was selected to create and manage our
    Clients end-to-end Equity Research division in
    order to support its Strategic Advisory, Private
    Equity and ECM activities by providing
    tailor-made research for its own clients on the
    entire region, starting with identifying broad
    regional trends and themes in the GCC region,
    initiating coverage and moving on to pro-active
    maintenance and new idea generation.
  • Sectors / Industries covered
  • Energy / Commodities
  • Telecom
  • Geographies covered
  • UAE and the Middle East
  • North Africa
  • Turkey
  • India
  • Engagement logistics
  • Region-wide coverage for chosen sectors, in the
    form of initiation reports and weekly and monthly
    updates
  • Core team of three Adventity Analysts released
    initiating coverage report for an IPO candidate
    within first month of engagement developed
    roadshow books and presentations for investor
    conferences
  • Team expanded by 100 in less than three months,
    to provide maintenance coverage, develop new
    ideas for thought pieces on macro fundamentals
    and industry, and progressively expand coverage
    universe
  • Create detailed market databases pertaining to
    industry / economy / region in a market where few
    reliable data sources exist
  • Real estate and infrastructure
  • Metals Mining
  • Types of products
  • Initiating coverage reports, earnings updates,
    event notes
  • Theme-based sector reports
  • Weekly ECM updates, monthly/quarterly industry
    updates, newsletters
  • Marketing / roadshow documents
  • Valuation opinions

Adventity has enabled our Client to focus
in-house resources solely on developing client
relationships in the MENA region, made possible
through idea driven comprehensive research
coverage
5
Strategic consulting for an Islamic Bank
  • Adventity was appointed as a strategy consultant
    for a leading Islamic bank in the GCC world,
    owned by the rulers of one of the most prominent
    GCC states, and aspiring to be a global leader
    in the Islamic banking arena in the coming five
    years. This assignment was won through a
    competitive bidding process wherein Adventity was
    selected over some of the Big 5 global
    consultants bidding for the contract.
  • Summary of engagement
  • Macro-economic and sector analysis and forecast
  • Developed GDP calculator and a Banking forecast
    model sensitive to key drivers of the economy
    like oil prices, real estate prices, imports,
    exports, interest rates etc.
  • Developed detailed sector reports for real
    estate, construction, energy, power, cement,
    conglomerates, Telecom, aviation and shipping
    sectors encompassing demand supply drivers and
    models, project analysis, competitive landscape,
    key company profiles, future trends and outlook
  • View on Islamic banking growth
  • Comparison of various Islamic banking products
    with respect to pricing and structure, as
    compared to conventional banking products
  • Competitive landscape of various Islamic banks
    across the globe on various parameters like
    product offering, profitability and capital
    structure
  • Developed a house view on the Islamic banking
    growth trajectory and quantified the growth
    potential over the next five years
  • Wallet sizing of Clients banking products
  • Developed banking potential forecast product-wise
    and sector-wise for the coming five years
  • Mapping a finely tuned orchestrated strategy for
    Client
  • Provided a detailed mapping of Clients strengths
    in core focus areas and orchestrated a five year
    strategy for the bank to become the market leader
    in the region in the coming five years.
  • Detailed a market entry strategy, phase-wise
    product strategy, operations strategy, expansion
    (organic and inorganic growth including alliances
    ) strategy and market positioning strategy

Adventitys ability to synergize primary and
secondary research coupled with strong domain
knowledge base of banking and various sectors has
resulted in Adventity becoming a key partner in
our Clients strategy, implementation and
operations
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