Regulatory and operational
This part of our work is for financial services firms and the advisers who act for them. They include electronic money institutions, payment institutions, brokers, funds and managers.
Much of it starts as a problem. A banking partner has given notice and the safeguarding accounts have to move. A product is not working the way it should. Directors have fallen out, a lender is in dispute or a senior person has left with nobody ready to step in.
The rest is about growth. A firm wants to open a new desk, launch a product, buy another business or get access to a sponsor bank. Sometimes it simply needs to run better than it does.
The work depends on knowing how a firm runs underneath. We look at its systems and how they connect to banks and payment rails, where the cash goes and how client money is reconciled. We carry out internal and external investigations and due diligence on vendors and trading partners.
When a matter needs them we introduce compliance consultants, auditors, lawyers, fund administrators and depositaries. Some calls cannot wait, when time is short we work directly with the executives involved.
We do not give legal advice. Accounts, liquidity and custody for these firms are covered under Banking and Institutional markets.