NewCo provides support services provides a bundle of support services for financial institutions, in particular independent wealth managers, that allow the financial institution to focus on its core competencies and thus to service its clients better.
NewCo’s services consist most of all of the following services that are provided under sub-contracts by its underlying companies: an IT portfolio and client management system (AssetMax), IT security and support provided Workplace Pte Ltd, compliance and/or internal audit provided by Water Dragon Solutions Pte Ltd, and portfolio and risk management provided by Binjay Hill Pte Ltd.
NewCo is currently in its establishment and will be staffed with adequate resources – as will be determined – to provide its services. All three underlying companies are operational SME’s that already service their own clients.
NewCo has determined the core services it will provide to financial institutions, in particular independent asset managers.
- IT platform for portfolio and client relationship management, incl. support;
- IT security;
- Compliance – outsourced compliance or support;
- Internal audit;
- Portfolio and financial risk management.
The clients can purchase these services either as a package or individually.
The project has three stages:
- Determine services requested by clients: It is to be evaluated what services clients’ of NewCo most of all desire to outsource or obtain support in.
- Determine best way of delivery of services to the client: It must be evaluated how NewCo best delivers the services its clients desire to the clients.
- Evaluate tool for delivery of services to the client (if time permits): Different tools are evaluated for the providing of NewCo’s services.
NewCo is in a position to implement a tool that allows it to deliver its services efficiently and in a customer-friendly way to its clients:
- List and description of services that clients desire;
- Description how NewCo’s services are best delivered to its clients;
- Recommendation of a specific tool to deliver NewCo’s services.
Background requirements:
- Understanding of and interest in financial services;
- Interest in IT tools / FinTech
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Business Consulting Intern - Profession:
Accounting / Auditing / Taxation - Industry:
Finance