-
100%
Met deadlines
-
3x
more marketing material reviewed
-
35%
reduction in compliance costs
CLIENT CHALLENGES
- A hedge fund with offices in the US and the UK wanted to streamline its marketing literature review processes and create efficiencies
- Bandwidth constraints prevented the client’s compliance team from approving time-sensitive marketing material on time
- A lack of comprehensive policies, procedures and other compliance-related documents impeded execution of an effective compliance programme
- Acuity Knowledge Partners (Acuity) was selected to enhance the compliance team’s bandwidth by handling the review and approval of marketing material
Solution
- Acuity’s solution was split into two phases:
- Phase 1: White boarding and pilot
- Focused on identifying a critical set of material for streamlining the review process
- Conducted a comprehensive review of existing policies and procedures to benchmark them against industry best practices and legal/regulatory requirements
- Ran a three-month pilot with senior resources to demonstrate our capabilities in terms of quality and meeting tight deadlines
- Phase 2: Migration and delivery
- Offshored review and approval of 5+ critical-type documents (non-rush material) in a phased manner with a team of two senior resources
- Deployed a train-the-trainer model
- Rush materials were transitioned later due to the high quality of delivery required for the non-rush reviews
- A snapshot of documents reviewed:
- Generic strategy material
- Factsheets
- Fund letters
- Portfolio analysis
- Client presentations
- Due to the success of our support with the US work, the client expanded our services to cover EMEA and APAC
Benefits
- Reduced the client’s workload by 30%
- Suggested industry-level best practices to reengineer compliance workflows
- Helped reduce compliance department costs by 35% (by our offshore presence)
Thank you for sharing your details
Your file will start downloading automatically
If it does not download within 1 minute,
Share this on
