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We are Evolution Partners

Evolution Partners is a global boutique management consultancy working with leading Financial Services Institutions. Our clients operate in the Investment Banking, Insurance, Wealth Management and Asset Management sectors.

We are a client-focused firm, supporting the design and implementation of strategic change in complex, regulated environments.

What makes Evolution Partners unique?

Client-focused

We work in small teams embedded alongside our clients' own staff. This helps us to deliver high quality outcomes whilst also improving our clients’ own internal transformation capabilities.

Framework

We have developed our ‘Transform’ consulting methodology to create a framework for delivering change, which we tailor to our clients’ specific requirements.

Future

As a carbon-negative business, we bring a sustainability and climate-conscious approach to management consulting, ensuring our operations align with our future-focused value, ‘To do the right thing’.

Who are Evolution Partners?

About us

What can we do for you?

Services

Case Studies

We work alongside our clients to implement strategic, lasting change.

The Case Studies below provide insights into some of the key programs we've been involved in globally.

Case study

Global Investment Bank: Non-USD LIBOR Replacement Program Management

Client

Business Challenges

Approach

Outcomes

  • The client is a US-headquartered global financial institution providing investment banking, investment management and wealth management services to global clients
  • Following global regulators' decision to replace LIBOR with Alternative Reference Rates, a global program was established to plan and manage the transition
  • Evolution Partners was engaged in Hong Kong to support the Asia part of the program, and ensure full integration with the global program
  • Following a number of scandals related to the setting of the London Interbank Offered Rate (LIBOR), global regulators announced that non-USD LIBOR (covering Japanese Yen; Sterling; Euro; and Swiss Franc LIBOR rates) would cease on 31st December 2021, with new Alternative Reference Rates being used from 1st January 2022.
  • The bank's clients had non-USD exposures on a global basis, requiring detailed co-ordination to ensure a consistent client engagement approach was adopted
  • As a global financial institution with a complex legal entity structure, local regulators required detailed updates on a regular and frequent basis on both quantitative and qualitative details of the client's LIBOR transition readiness
  • Evolution Partners formed part of the investment bank's LIBOR program team in Asia, covering Hong Kong, Singapore, Japan, Korea, Australia as well as a number of smaller locations. This involved understanding the exposures for each non-USD LIBOR rate and developing and executing an implementation plan - including discussing migration options with clients.
  • The Evolution Partners team was also heavily involved in providing regular quantitative and qualitative updates to Asia regulators.
  • The transition from the non-USD LIBOR rates to the Alternative Reference Rates went very smoothly, with minimal issues arising at rate reset dates. This entailed that there was no impacts to the firm's client trading activities.
Case study

Asia-Pacific ESG Implementation

Client

Business Challenges

Approach

Outcomes

  • The client is a major UK-listed consumer products company​
  • As part of its corporate governance and reporting framework it must publicly report progress on meeting its ESG commitments​
  • It engaged Evolution Partners to help support the roll-out of the ESG framework to its Asia-Pacific regional business​
  • After the client had successfully established its ESG program in Europe, it then moved to roll it out in Asia Pacific​
  • However there was no existing ESG framework in the region and all activities were carried out on an ad hoc basis without coordination or consistency​
  • The Evolution Partners team helped develop a regional ESG framework that, in addition to being aligned to and consistent with the global ESG framework, supported local ESG initiatives at the end-market level
  • A methodology was developed to track the success of the regional initiatives back to the client’s overall ESG commitments globally
  • The Asia-Pacific ESG framework was successfully rolled out, with clear accountability for each of the E,S & G pillars in the region ​
  • It was fully aligned to the firm’s global ESG framework with overall targets, providing full traceability from end markets to global targets​
Case study

InsurTech Go-To-Market Strategy and Product Roadmap

Client

Business Challenges

Approach

Outcomes

  • The client was the FinTech arm of a major US-headquartered life insurance company that had successfully launched an online, direct life insurance portal in the United States and was looking to develop a similar solution for the Asia Pacific market
  • The firm was focusing on life insurance and health-related protection products​
  • Whilst the client had rapidly built a successful brand in the United States, American consumers are more used to buying financial services products online​
  • The client was looking to develop an Asia-Pacific Go-To-Market Strategy and Product Roadmap​
  • Evolution Partners worked closely with the client to identify routes to market including direct and partnership models, building high-level business cases​
  • Product Roadmaps were developed, focusing on delivering a Minimum Viable Product initially, and adding in new features as products gained traction in the market​
  • The client was left with a clear view of its target customers and how to deliver value to them, initially from simple protection products sold directly​
  • A longlist of potential targets was created to approach to discuss partnership distribution models​
View all Case Studies

Case Studies

We work alongside our clients to implement strategic, lasting change.

The Case Studies below provide insights into some of the key programs we've been involved in globally.

Case Study

Global Investment Bank: Non-USD LIBOR Replacement Program Management

Client

  • The client is a US-headquartered global financial institution providing investment banking, investment management and wealth management services to global clients
  • Following global regulators' decision to replace LIBOR with Alternative Reference Rates, a global program was established to plan and manage the transition
  • Evolution Partners was engaged in Hong Kong to support the Asia part of the program, and ensure full integration with the global program

Business Challenges

  • Following a number of scandals related to the setting of the London Interbank Offered Rate (LIBOR), global regulators announced that non-USD LIBOR (covering Japanese Yen; Sterling; Euro; and Swiss Franc LIBOR rates) would cease on 31st December 2021, with new Alternative Reference Rates being used from 1st January 2022.
  • The bank's clients had non-USD exposures on a global basis, requiring detailed co-ordination to ensure a consistent client engagement approach was adopted
  • As a global financial institution with a complex legal entity structure, local regulators required detailed updates on a regular and frequent basis on both quantitative and qualitative details of the client's LIBOR transition readiness

Approach

  • Evolution Partners formed part of the investment bank's LIBOR program team in Asia, covering Hong Kong, Singapore, Japan, Korea, Australia as well as a number of smaller locations. This involved understanding the exposures for each non-USD LIBOR rate and developing and executing an implementation plan - including discussing migration options with clients.
  • The Evolution Partners team was also heavily involved in providing regular quantitative and qualitative updates to Asia regulators.

Outcomes

  • The transition from the non-USD LIBOR rates to the Alternative Reference Rates went very smoothly, with minimal issues arising at rate reset dates. This entailed that there was no impacts to the firm's client trading activities.
Case Study

Asia-Pacific ESG Implementation

Client

  • The client is a major UK-listed consumer products company​
  • As part of its corporate governance and reporting framework it must publicly report progress on meeting its ESG commitments​
  • It engaged Evolution Partners to help support the roll-out of the ESG framework to its Asia-Pacific regional business​

Business Challenges

  • After the client had successfully established its ESG program in Europe, it then moved to roll it out in Asia Pacific​
  • However there was no existing ESG framework in the region and all activities were carried out on an ad hoc basis without coordination or consistency​

Approach

  • The Evolution Partners team helped develop a regional ESG framework that, in addition to being aligned to and consistent with the global ESG framework, supported local ESG initiatives at the end-market level
  • A methodology was developed to track the success of the regional initiatives back to the client’s overall ESG commitments globally

Outcomes

  • The Asia-Pacific ESG framework was successfully rolled out, with clear accountability for each of the E,S & G pillars in the region ​
  • It was fully aligned to the firm’s global ESG framework with overall targets, providing full traceability from end markets to global targets​
Case Study

InsurTech Go-To-Market Strategy and Product Roadmap

Client

  • The client was the FinTech arm of a major US-headquartered life insurance company that had successfully launched an online, direct life insurance portal in the United States and was looking to develop a similar solution for the Asia Pacific market
  • The firm was focusing on life insurance and health-related protection products​

Business Challenges

  • Whilst the client had rapidly built a successful brand in the United States, American consumers are more used to buying financial services products online​
  • The client was looking to develop an Asia-Pacific Go-To-Market Strategy and Product Roadmap​

Approach

  • Evolution Partners worked closely with the client to identify routes to market including direct and partnership models, building high-level business cases​
  • Product Roadmaps were developed, focusing on delivering a Minimum Viable Product initially, and adding in new features as products gained traction in the market​

Outcomes

  • The client was left with a clear view of its target customers and how to deliver value to them, initially from simple protection products sold directly​
  • A longlist of potential targets was created to approach to discuss partnership distribution models​
View all Case Studies

Latest Views

Evolution Partners' Thought Leadership and Opinion articles reflect our consultants' views on the ever-changing Financial Services landscape.

We take a research and evidence-based approach to our writing and look to use our insights to engage with our clients and other industry participants.

Latest News

The latest news about Evolution Partners is displayed below. If you'd like to keep up-to-date with developments in the firm, be sure to follow our page on LinkedIn and subscribe to our newsletter.

Company News 1639742986527

Three years of Evolution Partners

Evolution Partners celebrates its third birthday....

17 Dec 2021
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Subscribe to our Newsletter!

If you would like to know more about Evolution Partners, please consider subscribing to our monthly newsletter, Evolutionary Insights....

03 Dec 2021
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Happy Hanukkah from Evolution Partners

Happy Hanukkah, from all of us at Evolution Partners!...

28 Nov 2021
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