FMA
FMA was established in 2008 to address the unique challenges that arose globally as a consequence of the financial crisis. Since inception, we have completed over 650 assignments for more than 250 unique clients in over 35 countries.
FMA advises financial institutions, regulators and government entities on their most critical and often most complex financial issues. We work with senior management at top financial institutions, official institutions and market intermediaries and utilities around the globe, with a focus on their balance sheet and capital markets exposures as well as a wide range of other strategic, regulatory and operational challenges.
Key Projects:
Project Aura: In July 2013, the Bank of Greece engaged BlackRock Solutions to conduct a diagnostic assessment of the loan portfolios of a select group of Greek commercial banks as of 30 June 2013. Per the request of the Bank of Greece, BlackRock performed a sensitivity analysis for projected lifetime losses under the Base and Adverse Case for the Residential Mortgage asset class.
Her Majesty Treasury: HM Treasury appointed BlackRock Solutions to provide specialist advice on RBS assets as part of the bad bank review announced by the Chancellor at Mansion House.For this Review, it has provided portfolio analytics; cash flow projections; and five-year and lifetime loss projections with regard to RBS assets under consideration in any good bank/bad bank split;
iSharesBonds
BlackRock’s iShares exchange-traded funds business has launched four iSharesBonds Corporate ex-Financials Term ETFs.
These new products, with defined maturity dates in 2016, 2018, 2020 and 2023, were designed to offer investors “bond-like” features in addition to the benefits of an iShares ETF including exchange traded liquidity, transparency and diversification. The iSharesBonds Corporate ex-Financial Term ETFs provided efficient access to a diversified pool of investment grade corporate credit with a defined maturity date. iSharesBonds aim to meet the needs of institutional investors by providing access to a large, diversified pool of corporate issuers in a defined maturity security.
The four iSharesBonds that were launched are as follows:
• iSharesBond 2016 Investment Grade Corporate Bond ETF [ticker: IBCB]
• iSharesBond 2018 Investment Grade Corporate Bond ETF [ticker: IBCC]
• iSharesBond 2020 Investment Grade Corporate Bond ETF [ticker: IBCD]
Swarandeep was part of the team that prepared iSharesBonds’ web-based reporting package that offered 100 per cent daily holdings transparency of individual bond position, pricing and risk analytics. These analytics, available to all investors, were intended to help highly regulated financial institutions meet their reporting requirements.
Bank Advisory
BlackRock’s Bank Asset Management was established in 1990 to focus exclusively on the multi-faceted portfolio and risk management needs of financial institutions. BlackRock served as an Outsourced CIO and offered to banks a full suite of complementary products that range well beyond traditional asset management to include customized risk analytics and reports for both assets and liabilities and included Asset/Liability and Reserves Management, Asset Allocation and ALM Process Implementation.
Swarandeep was part of the team that worked with seven institutional clients with total AuM of $19bn.