
Our Completed Projects
TKB CAPITAL
Client: The Board of Directors of ZAO TKB Capital (“TKBC”), a Russian investment bank
Advisor: Direct Capital Solutions Limited
Purpose: Diagnostics and development of a new strategy and restructuring plan for TKBC
Duration: 3 months
Period: November 2011 – January 2012
Project objectives:
- Provide an independent professional opinion on the pre-existing strategy of TKBC, its governance and operations, risk profile and reliability of management control systems
- Develop a new strategic concept to differentiate TKBC from competition and establish its unique position in the investment banking markets
- Consult and support the TKBC Board and management team on business restructuring measures
Key project tasks performed:
- Carried out assessment of TKBC’s strategy, systems, operations and personnel
- Analysed the investment banking industry in Russia and globally, reviewed TKBC’s market position, competitive environment and potential strategic development options
- Developed a new strategic concept and restructuring plan for TKBC
- Worked closely with the newly appointed CEO and the Board members of TKBC to develop a detailed “road map” for implementation of the new strategic concept
- Advised the CEO on carrying out the restructuring of TKBC’s operation and optimisation of the headcount
- Developed and presented to the Board the recommendations on reorganisation and raising efficiency of TKBC’s governance bodies
- Provided guidelines for developing efficient risk management and compliance system
- Advised on measures for staff retention and motivation
- Lead the process of developing TKBC’s internal and external communication policy
- Advised on international expansion and establishment of a Cyprus-based broker company
- Advised the management on key requirements for effective corporate IT architecture
- Advised the Board on preparation for potential value realisation event
Project Results:
A detailed “health check” of the operations, systems and business strategy of TKBC
A new strategic concept with a detailed implementation guidelines, timetable and budget
Advice and guidance on necessary restructuring steps aimed at:
- cost cutting and staff optimisation
- strengthening risk management, compliance, operational controls and management reporting
- raising the efficiency of TKBC’s corporate governance system
- staff retention, training and motivation
- raising efficiency of internal and external communications
The Board approved the implementation of the restructuring measures proposed by DCS
The Board has successfully negotiated sale of the TKBC to a strategic investor. All consultancy fees paid to DCS were included in the sale price.