Marcel Estermann

I am an expert in the fund and securities industry and understand the full front-to-back lifecycle of the fund/banking/financial sector. I help to increase the STP rate, to keep cost under control, to reduce error rates by increasing the data quality and to reduce operational risks. During my career I designed and implemented robust and scalable processes by setting up new business processes as well as introduced new IT platforms, most recently operational processes for Aladdin, one of the leading platforms for asset managers. Internationally experienced across Private- and Investment Banking, Wealth Management and Asset Management whilst serving internal and external clients in different locations and time zones.

Experiences

Run Private Equity Funds Nominee Platform for Credit Suisse AG & Credit Suisse (Switzerland) AG for Asset Management products
Lifecycle Management for assets under management in Private Equity Funds as well as Fund of Funds and Hedge Funds in excess of 3 Bio CHF covering approx 1'800 private as well as institutional clients
Integrate stand-alone platform into the global infrastructure and introduce process automation where possible and applicable
Standardize data sets along the value chain in order to facilitate process automation, reduce manual intervention, thus reducing error rate
Manage internal and external service providers, review services levels and monitor relevant KPI's to allocate resources and establish relevant controls

Gathered and verified business requirements for the implementation of the new asset management infrastructure platform, Blackrock's Solution - Aladdin
Designed and implemented operational process framework with focus on Corporate Actions, Derivatives Operations, Settlement and reconciliations.
Expert for Front Office related and Compliance processes

Led the day-to-day operations for Data Management activities covering 18k Portfolios, 1.1m Positions, 125k daily priced securities, 700 Bloomberg attributes per instrument and 900+ bench-marks
Guaranteed top quality data as Position and Benchmark Master and distributed relevant data sets to 23 downstream consumer systems
Established Data Management Team in Poland to collect, control, verify, enrich and distribute securities master data and ensure the valuation/pricing of all assets/positions
Reduced cost in excess of 700k CHF through an elimination of duplicate pricing requests
Increased the number of automatically priced securities by 30%, thus reducing the manual process significantly (reduced effort by approx. 80%)

Led design and subsequent execution of an operational model for the Fixed
Income platform in APAC encompassing a complex trading and operational framework across different jurisdictions and multiple locations
Completed documentation to obtain Senior Management approval for new
business by coordinating Legal, Compliance, Risk Management, Tax and IT

Increased revenues by 20% with the implementation of a cross-divisional project including the controls to allow specific clients to directly access the Execution Desk
Optimized processes to streamline straight-through rate for plain vanilla products (rate increase > 25%)

Provided best trade execution (based on MiFID regulations) across the Private Banking and Asset Management platforms and across 4 APAC locations
Reduced overall error rate by 40% by enhancing system capabilities, improved processes and enhanced product trainings for Front Office colleagues
Increased efficiency by more than 20% through elimination of process duplications

Ensured best execution trading for Equities, Fixed Income, Derivatives, Funds and FX activities
Successfully delivered program goals by development and implementation of Execution Desk capabilities in Mumbai/India and Mexico City/Mexico, whilst managing triple constraint of performance, cost and time
Increased revenues by 25% though provision of Customized Advisory Solutions to UHNWI

Ensured design and operational method for the new business platform to reduce risk and promote company, industry and compliance standards
Integrated strong process rigor and comprehensive reports to increase business operations and customer service metrics
Consolidated process platforms and product offerings in multiple geographies and time zones within a complex matrix organization

Headed execution processes for Investment Funds subscriptions and redemptions as well as Corporate Action events
Reduced error rate by > 50% through the introduction of process improvements
Increased capacity by 100% with the introduction of a pooling facility to automate trade processing
Represented Credit Suisse in Euroclear’s Fundsettle User Group
Developed and executed customized solution to offer execution services to 3rd party banks

Successfully managed the functioning of smaller branches in Europe and set up standard operating framework, processes and procedures for their smooth functioning
Introduced Global Order Routing & Custody framework for onshore locations in Frankfurt, Paris, London, Milan and Madrid

Ensured timely and accurate bookings of all equity product related trades for activities of the complex offshore structures which allowed the Ruble trading for Non-Russian clients.

Offered premium domestic custody services to Non-Russian clients and adjusted infrastructure to sustain business during the Ruble crisis

Managed worldwide clearing activity for Goldman Sachs Group in CHF
Executed primary issues in Japanese Warrants and handled exercise processes
Designed and implemented the operational processes to join the Zurich Stock Exchange as well as SOFFEX, the derivatives exchange

Education

Management skills to cover financial industry from a business & economics perspective

Understanding of the securties markets, its products and peculiarities

All aspects of commercial and securities banking, covering all areas including public facing roles (tellers)

Skills

Private Banking Operations Execution & Advisory Asset Management Investment Banking Investment & Hedge Funds

Operations Management Custody Settlements Requirements Analysis Requirements Gathering

Equities Fixed Income Derivatives FX

Aladdin Bloomberg MS Office Suite Host (internal systems)

German (native) English (fluent) French (intermediate) Russian (basic)

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Senior Banking Professional with extensive operational experience

Head Alternative Investment Operations - Vice President,

Senior Business Analyst - Vice President

Head Data Management - Vice President

Transaction Specialist - Vice President

Business Manager & Projects - Vice President, Execution & Advisory APAC,

Head Execution & Advisory - Vice President, Private Banking APAC

Head Execution & Advisory - Vice President, Private Banking & Asset Management

Project Specialist International Offices - Vice President Private Banking

Head Investment Fund Execution - Vice President, Private Banking & Asset Management

International Operations & IT Specialist - Vice President, Private Banking

Head Equity Operations - Vice President, Investment Banking

Head Custody Services - Vice President, Investment Banking

Relocation to Moscow, Russia

Head Operations - Vice President, Swiss Franc Clearing Group

Securities Operations Analyst

Securities Settlement Analyst

Securities Operations Analyst

Bank Apprentice

Lean Six Sigma - Green Belt Diploma

Credit Suisse, Zurich

Higher Business & Economics Preparation Course (HWV equivalent)

Higher Business & Economics Institute, Zurich

International Securities Market Expert

International Securities Market Association (ISMA)

Swiss Bank Apprenticeship

Business & Economy School, Zurich

Auditor

Banking

Processes

Products

Systems

Languages