Migrating Research Publication for a Large European Investment Bank
Client: Large European Investment Bank
Objective
To enhance quality, speed production and reduce costs for a large European Investment Bank by migrating the research publication function.
CRISIL's Solution
- Migrated the investment bank’s 13-member publishing desk, comprising editors and visual analysts, to CRISIL, while maintaining ongoing support
- Per the engagement mandate, retained part of the existing team and rebuilt the rest with new hires
- Support was initiated by staffing two senior editors, one editor and two visual analysts; the team was trained to be ready to go live in two to three weeks
- The CRISIL team worked with the bank’s head of research and COO to rebadge three editors; a visual analyst was later added
- Support was initiated by staffing two senior editors, one editor and two visual analysts; the team was trained to be ready to go live in two to three weeks
- CRISIL senior editors provided quasi-supervisory analyst (SA) review, flagging any compliance and regulatory issues, reducing the workload of client SAs and improving overall efficiency
- The CRISIL team worked with the client’s branding team, helping to create new research report templates
- Provided client with 24x6 support
Client Impact
- Completed transition in four months
- Efficiency, measured as turnaround time, improved 35-40%
- Enhanced report quality
- Client cost reductions of approximately USD 550K annually
Questions