Business information services for European IB

Client

A Europe-focused mid-market investment bank.

Opportunity

The client wanted to replace its in-house BIS team with an offshore 24x7 BIS team to offer more flexible banker support globally. The objective was to reduce the expenses of high market data sources and set up a specialized team of information miners who had the knowledge, skills, and experience to gather relevant data efficiently.

Solution

SG Analytics understood the client's requirements in detail and implemented the following solution:
  • We identified sector-specific, geography-specific, product-specific key standard data sources.
  • We assessed the optimal number of data source subscriptions and licenses required to deliver cost savings. The team also assisted the client in the procurement of these data sources.
  • SG Analytics set up a 24x7 centralized and dedicated BIS team with an initial size of 7 members.
  • The BIS team provided support along the deal lifecycle across markets, asset classes, and geographies.

Our BIS support included standard tasks such as news run, deal run, broker reports, company documents retrieval as well as complex tasks such as regulatory analysis, sector-specific trends, technology innovations, and capital market-specific data.

Value Delivered

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1
SG Analytics realized 35% cost savings for the client by rationalizing data sources and setting-up a dedicated, centralized offshore team.
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2
SG Analytics created a centralized repository of documents, enabling reusability of research and resulting in additional time and cost savings.
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3
We provided high-quality insights and value-added support through teams of specialists led by professionals who had profound experience in the investment banking world.