Ensuring we’re optimised for the future whilst retaining the best of experience-driven service, LGB&Co is delighted to be working with the Alterest platform to enhance our approach to analysis and data processes within the capital markets team, as we continue to develop our private debt offering to both corporates and investors.
There’s a fine line to tread when it comes to balancing the need to adopt new technologies to remain agile and forward-focused, whilst preserving the human skill and integrity of a business built on trust and experience.
At LGB we are acutely aware of the need to harness the best that technology offers the financial sector to ensure due diligence at its finest, stay nimble, fast moving and efficient. However, we also know that taking the time to understand our clients is at the heart of what we do. By taking this step with Alterest, we position ourselves to achieve the best of both worlds even more effectively.
Founded by CEO Jeevan Param, whose background spans data and analytics with a special focus on the financial sector, Alterest is a best-in-class application. It allows us to automate data, ensure compliance and security, and retain control of our processes by keeping them in-house rather than outsourcing to an external provider. With a fully-managed customer data cloud, it reduces the need for manual tasks where human error is most likely to occur and is least valuable, whilst also optimising portfolio management and collaborative workflows.
Once upon a time, to achieve this level of technological efficiency, any company would have to have built its own, bespoke software, which would not only have been costly and time consuming, but would also have become increasingly cumbersome to maintain as technology evolved. Advancements in the fintech sector mean that ready-to-go systems are now tried, tested, proven, and can be customised to the individual needs of an organisation, as well as being designed to accommodate updates going forward. That progress has created an opportunity for businesses like LGB to level up in a manner that’s both dynamic and prudent.
LGB we will be using Alterest to monitor our MTN issuers, enhancing our processes and better enabling our team to make more time for the most important part of our role – listening to our clients by having meaningful discussions and prioritising customer care.
When an MTN programme is established, there is detailed financial governance that needs to be undertaken, quarterly audits need to be scheduled, and loans need monitoring against specific criteria. Typically, as a bespoke service, this is done manually, but even with the most careful processes in place, it is at risk of duplication and is always retrospective rather than acting in real time. By implementing Alterest technology, each of those processes is made more efficient, accurate, and timely.
LGB Capital Markets Director, Fergus Rendall, says: “We’re a small, established firm, with a strong reputation for an institutional approach underpinned by due diligence, human skill, experience, and talent. By carefully incorporating new technologies into our processes we are able to enhance all aspects of our business for even better client experiences and outcomes. By working with Alterest and their technology we will be able to improve our due diligence and ongoing monitoring of MTN issuers and maximise the usability and accuracy of the data provided by our clients, whilst significantly improving process efficiencies.”
Jeevan says: “We are excited to welcome LGB & Co. as customers of Alterest, and are looking forward to supporting Cedric Parent, Fergus Rendall, Ben Hoskin, and the team as they expand their innovative financing program.”
LGB’s adoption of Alterest is being rolled out in stages and will be fully live by the end of January 2025. If you have any questions, please feel free to contact us, and we would be delighted to speak to you.
LGB & Co. Limited
Tintagel House, 92 Albert Embankment
London
SE1 7TY
Relationship Manager
Ellana joined LGB in March 2024 as a Relationship Manager for our investing clients. Prior to LGB, Ellana worked at Bellecapital, handling client relationships and supporting the portfolio management team. Ellana graduated with a First-Class in Mathematics from Cardiff University and has a Level 4 Investment Advice Diploma.
Adviser
Simon became an Advisor to the Board of LGB & Co. with a focus on business strategy and initiatives in March 2024. Simon has extensive experience debt capital markets and wealth management. He previously ran the client and then the investment business of Heartwood and became Chief Executive in 2008. He led its well-regarded acquisition by Handelsbanken in 2013. Simon subsequently became NED and Chair of AIM-listed WH Ireland Group PLC. He was also asked to represent the wealth management sector on the FCA Smaller Business Practitioner Panel from 2013-2016.
Finance Manager
Following a degree reading Chemistry at The Queen’s College, Oxford, Antonia trained to become a chartered accountant at a London-based audit firm. She then moved into the tax sector joining EY and completing the chartered tax adviser qualification. She then gained further experience working as a finance director within industry at a family office / hedge fund.
Founder and Chairman
Andrew founded LGB & Co. in 2005 and is the Chairman of the company. He has a particular focus on the development of strategic relationships with corporate clients and business partners. Prior to founding LGB & Co., Andrew was a Managing Director at Citigroup Global Markets, where he was responsible for its fixed-income business with private banks and retail institutions. Earlier in his career Andrew worked at Schroders in London and Tokyo. Andrew graduated from Oxford University with a degree in Modern History. He is a chartered member of the Chartered Institute for Securities & Investment.
Capital Markets Director
Fergus advises corporate clients looking to raise debt and equity capital. He is also responsible for the execution and ongoing management of LGB’s MTN Programmes. Fergus joined LGB in 2019 having started his career at Lloyds Banking Group on the graduate training programme, before moving to the Leveraged Finance division, where he focused on transactions with mid-market corporates and PE firms. Fergus holds an MSc in Petroleum Geology from the University of Aberdeen.
Adviser
Lisa has worked with LGB since 2015 in supporting the on-going cultural and organisational development of the firm, providing advice on strategic people matters. Since 2006, Lisa has been running her own consultancy and executive coaching business, People Possibilities Ltd. Her work is focused on supporting clients at an organisational, team and individual level to enable high performance,improve leadership capability and effect cultural and behavioural change. Previously Lisa has held senior HR leadership positions with Schroders, ABN AMRO and HSBC. Lisa graduated from the University of Birmingham with an honours degree in International Relations & French. She is a Fellow of the Chartered Institute of Personnel and Development (CIPD) and a qualified Executive Coach.
Adviser
Charles has played an important role in developing LGB & Co.’s investment approach by encouraging a focus on investing in businesses with strong IP or know-how with recurring revenue business models that can prosper throughout economic cycles. Charles brings over 30 years’ experience of investing in privately-owned and publicly-listed small and mid-market companies. He is a director of Larpent Newton & Co. and Hygea VCT plc. Charles qualified as a Chartered Accountant at Peat Marwick, now part of KPMG.
Programme size: £25m
Establishment Date: XX 2017
Number of issues: 20
Sector: Financial services
Focus: Loans and leasing
Programme size: £20m
Establishment Date: December 2017
Number of issues: 12
Sector: Marine tracking
Focus: Maritime surveillance and management
Associate
Ben joined LGB in October 2022 as an associate after spending three years as a credit analyst at 9fin, where he produced research on corporates in the European & US High Yield and distressed debt markets.Ben holds an MSc in Investment Management from Bayes Business School (formerly Cass) and is a CFA charter holder.
CEO
Cedric was appointed CEO in July 2022 after a period of 18 months as a COO. Cedric spent 15 years working on the energy and commodities sales and trading desks for global banks (BNP Paribas, BAML and MUFG). He gained extensive international exposure, being based in London and Singapore and covering transactions in all geographic regions. Cedric graduated from Global Executive MBA at INSEAD in 2018 and started working in the capital markets space for growth-stage companies. He is also a director of LGB.
Relationship Manager
Megan joined LGB in January 2021 as a Relationship Manager. She is responsible for all day-to-day transactions with investment clients and oversees the LGB Investments Platform and Deal Hub. Prior to LGB, Megan worked at Puma Investments, a tax-efficient investment provider, in the sales and investor services team. Megan graduated from the University of Bath with a Bachelor of Science degree in Psychology. Megan obtained the CISI Level 4 Diploma in Investment Advice in October 2021.
Investment Director
Ivan is LGB’s Investment Director: he is responsible for developing LGB’s investment proposition in the context of the broader market and economic developments. He regularly meets individual company management teams to seek out and monitor investment opportunities. Ivan has served as a senior adviser to the Equity Division of Société Générale, and was previously Managing Director in charge of equity sales for them in London. Earlier in his career, Ivan worked at Morgan Stanley, Lazards and Schroders. He has degrees in history from Cambridge University & London University, and an MBA from Cass Business School.
Managing Director
Simone is responsible for LGB & Co.’s business with investing clients, who include institutional investors, wealth managers and sophisticated private investors. Simone’s team provides access to a range of compelling investment opportunities with a particular emphasis on proprietary medium term note and equity transactions. Simone manages the portfolios of clients who have entered into advisory or discretionary investment agreements with LGB Investments, and advises the fund managers of the Guernsey-based LGB SME Fund. Prior to joining LGB & Co., Simone worked in the institutional fixed income department of Citigroup Global Markets. She began her career at Citigroup Private Bank in Geneva. Simone graduated from the University of Lausanne with a degree in HEC, Business Administration. She is a Chartered Member of the Chartered Institute for Securities & Investments.