Two of everything, one deadline.
Quadrant Capital agreed to merge with a smaller rival to gain scale in fixed income. The deal promised lower costs and a broader fund range, but each firm had its own platform, committees and way of investing.
- $18Bcombined assets under management
- 30%of funds overlapping across the two ranges
- 11%of portfolio managers considering leaving
Clients and distributors were watching for any sign of disruption, and the regulator required a detailed migration plan before a single fund could move. Meanwhile, rumors about job cuts were already reaching competitors’ recruiters.
Quadrant needed a plan that captured the savings it had promised investors without losing the people and clients who made the deal worth doing.
Day one to day 300, one plan.
We set up the integration office before signing and ran it alongside Quadrant's COO through to the final fund migration.
- 01
Get day one right
A clean team, a 100-day plan and a single message for clients and staff meant nothing broke on the day the deal closed.
- 02
Merge the platforms
We consolidated 140 funds into 96, moved to one custodian and one portfolio system, and sequenced migrations around reporting dates.
- 03
Keep the people
Retention plans for 40 key roles and a joint investment committee gave both teams a stake in the combined firm.