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Run-off Lender Outsourcing
- Client: Secured Lender
- Project Length: Recurring
- Personnel: Partner, Principal + Consultant Team
Background
A large UK secured lending business, which was in run-off, required substantial support in managing the credit risk of the portfolio
Recruiting and retaining staff in an internal risk team under such run-off circumstances would prove extremely difficult
However, the business still required significant credit risk expertise to maximise the value of the book for stakeholders
Engagement
Members of the Vestigo team were involved in a complete outsourcing agreement, in order to achieve a consistently high level of risk management capability for the lender
Full responsibility for the delivery of best-in-class risk management initiatives was transferred to the outsourced team, leveraging the practitioner expertise of Vestigo team members
The engagement partnership ensured that risk management objectives were fully aligned, and continuity of strong resource was maintained throughout the partnership
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