Others - Worldwide

Russia – Transaction Support

Advised TPG Capital on its negotiations to acquire a 10% stake in Vneshtorgbank (VTB) (eventually structured as a Secondary Public Offering). The work included a review of the quality of VTB’s USD 100 billion loan portfolio

Mongolia – M&A Advisory

Advised a Middle East Sovereign Wealth Fund on it acquisition of a minority stake in a large Mongolian bank.  The work included financial & commercial due diligence and negotiation of both term sheet and final deal documentation

UAE – Capital Markets’ Feasibility Study

Advised Emirates Financial Services on the market opportunities in Investment Banking in the GCC Market, including product and customer strategies. Funding options to raise business support capital were also proposed

Vietnam – Pre-Privatization Strategy

Advised the Vietnamese government on its approach to privatizing Mekong Housing Bank (MHB).  The role included agreeing MHB’s strategic vision, canvassing potential investors and agreeing an action plan for privatization

South Korea – Transaction Support

Advised MetLife Insurance in its negotiations to purchase a Korean life insurance company.  The work included financial due diligence, valuation of the investment portfolio and reporting on weaknesses in risk management

Russia – M&A Advisory

Advised Sabre Capital on its acquisition of a minority stake in a small Russian bank to support the bank’s retail expansion plans.  FSI’s role included the creation of a detailed retail banking model for the Russian market.

Iraq – Sovereign Debt Restructuring

Long-term advisor to the Government of Iraq on the restructuring of the country’s USD 150 billion of sovereign debt owed to the Paris Club, non-Paris Club sovereign creditors, financial  institutions and commercial creditors

India – M&A Advisory

Advised Newbridge Asia Capital on pre-bid assessments of a number of Indian private sector commercial banks.  Support included deal strategy and asset valuation, the latter focused on large distressed asset portfolios

UAE – Establishment of Investment Fund

Developed a business plan, asset allocation strategy and corporate organization structure for the Government of Dubai’s apex investment fund, Istithmar Capital. Also led the recruitment of Istithmar’s management team

Ukraine - Ukraine Mortgage Framework

Advised the EBRD on the creation of a pilot Mortgage Lending Framework Facility to assist in developing a primary mortgage market through local retail banks and in laying the foundation for the secondary market

Romania – Modernising Banking Supervision

Implemented a major change programme (with Ernst & Young) at the National Bank of Romania to strengthen the supervision capacity of the NBR by aligning its internal procedures & tools with international practice

Iraq – Creation of Debt Management Office

Advised the Ministry of Finance on the creation of a Debt Management Office to supervise the issuance and servicing of internal & external debt, including organisation structure, policy guidelines and procedures