Business Consulting and Services ·
A group of C-level executive who help banks cut costs, improve loan portfolio performance and management, institute procurement process (typically cutting 15% +/- of non-personnel costs), as well as solving short term problems. Clariant's partners each have run large non-bank subsidiaries as well as overseen lending, workouts and personnel hiring and consolidation. Recent projects by Clariant professionals have included: --cutting more than $40 million in expenses --Redesigned portfolio management from loan admin through litigation and recovery for a $3 billion porfolio of consumer and residential loans --Revamped procurement process, saving more than $3 million annually --Developed analytics to modify origination of consumer and commercial loans to minimize non-performers --Devised revised compensation programs for CEOs and senior staff to align incentives with corporate performance --Spearheaded a startup procurement effort for a regional bank, hiring staff and implementing initiatives resulting in more than $7 million of savings in 14 months