Ex-Neuberger Berman Consultant launches boutique consultancy
08 August 2018 London
Image: Shutterstock
Former Neuberger Berman consultant Sanjeev Rai has launched his own consultancy firm named Five Rivers Fund Consulting Ltd.
According to Five Rivers, clients can benefit from a complete end-to-end turnkey delivery in which Five Rivers will produce PRIIPs and MiFID II documents and disseminate to a network of banks, data vendors and distributors through its newly formed partnership with PRIIPsHUB.
Anthony Miranti, Head of Business Development, PRIIPsHub, commented: “We are excited to partner with Five Rivers. The partnership will allow Five Rives to focus on their core strength in EPT, EMT and KID production whilst leveraging of our infrastructure with a full-blown dissemination to over 230 distributors, data vendors and platforms across Europe”.
The firm has also entered into a strategic partnership with an analytics firm based in Zurich, to offer Solvency II and VAG reporting and is in current partnership discussions with a leading TCA firm to offer a “true arrival price” calculation for its transaction cost offering.
Other services offered by Five Rivers includes an independent non-executive director offering for small to mid-sized asset managers.
Rai was previously an external consultant to Neuberger Berman leading on the European MiFID II Template framework, PRIIPs implementation and transaction costs calculation.
Commenting on the launch of his new consultancy, Rai said: “The establishment of Five Rivers Fund Consulting was a natural progression in our mission to serve small to mid-sized asset managers.”
He added: “We saw the regulatory burden and complexities surrounding the MiFID II and PRIIPs implementation, in particular for the product governance departments where such firms either lacked appropriate representation or technical knowledge in the context of the regulations.”
“Unlike other financial service providers, we spearhead on defining the target markets, product governance and investment objectives. Five Rivers is a specialised outsourced product governance for smaller asset managers, allowing our clients more time to focus on raising and investing capital.”
According to Five Rivers, clients can benefit from a complete end-to-end turnkey delivery in which Five Rivers will produce PRIIPs and MiFID II documents and disseminate to a network of banks, data vendors and distributors through its newly formed partnership with PRIIPsHUB.
Anthony Miranti, Head of Business Development, PRIIPsHub, commented: “We are excited to partner with Five Rivers. The partnership will allow Five Rives to focus on their core strength in EPT, EMT and KID production whilst leveraging of our infrastructure with a full-blown dissemination to over 230 distributors, data vendors and platforms across Europe”.
The firm has also entered into a strategic partnership with an analytics firm based in Zurich, to offer Solvency II and VAG reporting and is in current partnership discussions with a leading TCA firm to offer a “true arrival price” calculation for its transaction cost offering.
Other services offered by Five Rivers includes an independent non-executive director offering for small to mid-sized asset managers.
Rai was previously an external consultant to Neuberger Berman leading on the European MiFID II Template framework, PRIIPs implementation and transaction costs calculation.
Commenting on the launch of his new consultancy, Rai said: “The establishment of Five Rivers Fund Consulting was a natural progression in our mission to serve small to mid-sized asset managers.”
He added: “We saw the regulatory burden and complexities surrounding the MiFID II and PRIIPs implementation, in particular for the product governance departments where such firms either lacked appropriate representation or technical knowledge in the context of the regulations.”
“Unlike other financial service providers, we spearhead on defining the target markets, product governance and investment objectives. Five Rivers is a specialised outsourced product governance for smaller asset managers, allowing our clients more time to focus on raising and investing capital.”
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