3C Advisory helps clients deal with the challenges in the post trade world of banking & finance. The “How can we make the plumbing work more effectively, cheaper, easier” of life.
Expertise in Financial Services
At its heart, financial services businesses are a business like any other. 3C Advisory was established to help clients in the financial services business deal with the three disciplines that form the holy trinity in operating infrastructure in that market place: Control, Capacity & Cost. They need to be viewed as a whole that needs all three components to be in balance. 3C Advisory is a passionate advocate of building great infrastructure and focussing on these discipline to help clients find that balance.
Find out more: Recent Publications
Recent Client Assignments
Group Functions at Nordea. designing & implementing data quality assurance to ensure control over key data & reports; G-SIB, Large Exposure, Basel. Built on Hadoop / Big Data and using IBM IGC.
Intraday Liquidity Management / Cash Management: extensive work on optimisation of Intraday Liquidity Cost optimisation to meet BCBS 248 requirements for Nomura , process rationalisation, Nostro Network optimisation. Latest project will achieve annual cost savings of $20mm+ in reduced liquidity buffer costs.
Worked with leading South African bank First Rand, on a project to join CLS for FX settlement and to improve both client offering and associated processing in FX and payment products. Value Delivered: Implemented in 13 vs. expected 18+ months.
Helped Sberbank with business case for joining CLS for FX settlement and initial project set-up and also served as subject matter expert for project to relocate capital markets business into Switzerland. Advice on local operational tax issues; stamp duty and withholding tax. Value Delivered: Exec Board approval received.
Worked with leading ITO vendor Luxoft on their BPO offering in reference data space. Focus on the needs around Legal Entity Identifiers with their hierarchies and how to propagate this single standard and source throughout the organization.
Business project management for State Street’s derivative clearing programme. Interest rate, CDS index and FX clearing for Dodd-Frank / EMIR related change.
Worked with IBM Global Business Services on a proposal for the next evolution of post-trade processing in FX & payments. Aim was to reduce operating costs and liquidity overhead through more centralised front-to-back process.
Consultant to Nomura International (Aug ’09 to Oct ’12). Programme manager for OTC to CCP Clearing in FX and for FX Prime Brokerage. Included all Dodd-Frank (DFA) and EMIR driven work. Led the Global CLS project. Helped Nomura become a CLS Shareholder and Settlement Member. Representing Nomura in FX industry work for the GFXD, the Global Foreign Exchange Division, to design a model for FX Option clearing. Value Delivered: Implemented strategic infrastructure to accommodate business ambition to be in top 5 players in 11 vs. expected 18 months. Drove a parallel change in Treasury to consolidate the Nostro network of banking relationships for the entire group and simplified interbank FX trading footprint and all inter-company settlement. Helped client minimise liquidity buffer needs, reducing requirements by over $5B and reduce costs by $20mm p.a.
Advised a European software house, Fenergo, active in Client On-Boarding. Defined a strawman of how this function is set-up & tested with a number of houses. Results offer client insight into key pinch points & development opportunities. How to extend & integrate standard procedure provided by external compliance experts as a software-as-a-service offering for SME shops. Application covers initial on-boarding, KYC / AML FATCA, as well as enhanced due and on-going due diligence. Worked with client on a partnership with a major bank to offer a white-labelled margin-lending product.