Main line 020 7965 4657
Main line 020 7965 4657

Securities Depot & Nostro Reconciliations Clearance - Top Tier Global Investment Bank

Clearance of a pre-determined target population of outstanding, aged, reconciliation exceptions on the Securities Operations Nostro and Depot Agent reconciliations and manage the outsourced, offshore Operations team in their efforts to reduce the failed trade population

  • At the start of the project, for Cash Equities, there were c36,000 Depot breaks and c49,000 Nostro breaks. For Fixed Income, there were c12,000 Depot and c16,000 Nostro breaks
  • Average daily trade volumes were Cash Equity c152,000 and FI c31,000 with an average of c102,000 back-to-back trades
  • All outstanding breaks were cleared in the required timeframe and changes to the BAU process were made
  • The client engaged our team on 4 further successive assignments to work on the large-scale project to improve the Securities Operations process.

Meet the team

Malcome Clark

Malcolm Clark

Director and co-owner
Malcolm has over 35 years of financial services recruitment and management consulting experience. After graduating from the University of Exeter in 1989, he initially worked in the accountancy and media sectors before moving into the recruitment industry in the early 1990s. As an investment banking operations and change management specialist, he has worked with some of the world’s leading financial services institutions across the globe. Malcolm moved into management consulting in 2013.
Martin

Martin Perkins

Director and co-owner
Martin has over 35 years financial services logistics experience with 21 of those years spent in investment banking operations. The majority of his career was spent at UBS, where as a Director, he managed a number of departments including: Cash Management, Equity Derivatives Middle Office and Settlements, OTC Equity Control, BAU Process Change, Credit Derivatives Settlements and the cross-asset class ISDA OTC Documentation area. Martin moved into financial services recruitment in 2006 and management consulting in 2013.
Julian Crow

Julian Crow

Director
Julian has over 30 years of financial services recruitment and management consulting experience. After graduating from the Newcastle Business School in 1994, Julian initially worked in the FMCG sector before moving into the recruitment industry in 1996. As an investment banking, asset management, finance and change management specialist, he has worked with some of the world’s leading financial services institutions in the UK, US and Asia. Julian moved into management consulting in 2013.