- October 23, 2024
1. About the Client:
Merrill Lynch is an American investing and wealth management division of Bank of America is engaged in prime brokerage and broker-dealer activities.
Merrill is one of the largest wealth management businesses in the world. Merrill financial advisors combine financial knowledge and experience with a deep understanding of their client’s needs to help their clients pursue the lives they want.
1.1 Industry
Investments Industry
2. The Project Challenges:
Merrill Lynch approached assistance from Visvero in order to:
Produce content for various compliance (SoX, BASEL II etc.) and Reporting (Confirms Reporting for MUNI Funds, Recaps Transmission to National Securities Corp).
Knowledge sharing framework for Energy Group.
3. Visvero’s Solutions Approach:
Visvero developed reporting and Knowledge Management framework on Microsoft SharePoint Platform and managed applications for Energy Commodities, on a project for discovery of leaks and the risk associated with it. We also tackled other concerns in the following manner:
Worked with Business Managers in the analysis and implementation of various Securities Projects such as Trading and Stock Management in the Prime Broker Area with emphasis on Hedge Funds.
Visvero managed applications for Energy Commodities, on a project for discovery of leaks and the risk associated with it.
4. Overall Performance & Results:
With the help of Visvero, Merrill Lynch successfully achieved their business needs:
- Met the Basel II requirements by developing a fully functional integrated reporting system.
- Enhanced ability to monitor, report on and manage the company’s risk portfolio.
- Adoption of an organization-wide information sharing and content creation strategy for better decision making.
