Manigent Start 2012 with Two Major Project Wins

London - 14th March 2012

Manigent is pleased to announce a successful start to 2012, with two major project wins. One of the projects will be with an Investment Bank assisting them to meet the regulatory obligations from a number of regulators globally, including the FSA here in the UK. The second project is with a legal services regulator with the intention to build additional risk management at a transitional time for the industry, with the introduction of Outcomes-focused Regulation (OFR) and Alternative Business Structures (ABS). Both of these clients chose Manigent as they recognised the value of the Risk-Based Performance Management approach, Manigent’s integrated approach to Strategy Execution and Risk Management.

Both projects will take place over a 90 day period; Manigent will implement a Risk-Based Performance Management approach within each organisation and already, the clients are recognising early success as a result of the integrated strategy and risk approach.

Whilst it has been highlighted in the media that businesses face a tough year, many organizations, even with more spending restraints in place, are recognizing the importance and value risk management can add to a business. The Risk-Based Performance Management approach, developed by Manigent, provides framework which integrates strategy execution and risk management.

The Risk-Based Performance Management approach is a proven response to the strategy and risk management challenges faced by regulated firms in the current economic and regulatory climate. By integrating strategy and risk management organisations are able to drive strategy delivery, reduce risk-related losses and improve their deployment of capital while creating the right culture – a ‘strategy-focused, risk-aware culture’.

Investment Banking Project
During the Investment Banking project, Manigent will be working with key staff in Operations and Risk Management to provide subject-matter expertise on the topic of strategy and risk management, as well as providing the project management ‘know-how’ to ensure the successful deployment of their integrated approach. In such projects, Manigent always seeks to deliver value very quickly and this has been achieved by developing a clear picture of the gap that exists between strategic objectives and operational activities, and in turn, closing that gap through the alignment of processes and projects to strategy. Additional value has been created through Manigent’s discovery workshop process which has been used to rapidly identify our clients ‘key risks’ at a strategy and operational level. Initial feedback internally, and from the regulator, has been positive.

Legal Services Project
With the introduction of Outcomes-Focused Regulation (OFR) and Alternative Business Structures (ABS), the legal profession is undergoing one of the most significant regulatory changes in its history. This will require all the stakeholders in the industry to develop a range of new strategy and risk management capabilities; therefore, Manigent’s integrated approach, Risk-Based Performance Management, is well positioned to provide a structure and roadmap for regulators and firms alike to follow.

During this project Manigent will be working with one of the industry regulators to develop their internal strategy and risk management capabilities to ensure they meet their statutory objectives and provide thought-leadership at a time of change.

*/**: Manigent works with clients in sensitive areas of their businesses therefore we respect our client’s confidentiality by keeping our clients anonymous as a matter of course.

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