P&L Attribution process support to a large US based Investment Bank
Client: Large US based Investment Bank
Objective
To help a large US-based Investment Bank optimize its operating cost within the product control function through the outsourcing of its daily P&L attribution process.
CRISIL's Solution
- CRISIL offered the client a customized engagement model, including the option of coverage locations in Argentina, Poland and India. The client chose India
- CRISIL completed the transition in a record six-weeks
Client Impact
- Accelerated inputs to traders on (T-1) EoD P&L due to time-zone difference between India and U.S.
- The outsourced model generated significant cost savings. Operational costs reduced by up to 50%
Questions