Growth & Market Entry
Assess new markets, products and business opportunities with a clear view of economics, regulation, capability requirements and time to value.

Strategy & Transformation
Turn transaction intent into an integrated or separated operating business.
Overview
After a transaction decision, integration and separation require choices about operating models, services, people, platforms and data.
Capmark supports Day 1 readiness, integration management, transitional services, migrations and the operational changes needed to realise the agreed business case. We also support investment internalisation and the recovery of integration programmes.
Our role is the operating and technology change arising from the transaction. We do not provide corporate-finance, valuation or deal advice.
What we do
We define the integration blueprint and the Day 1 plan: what must be in place at close, which processes must run from day one, and what the seller keeps providing in the meantime. Close dates move, so readiness is tested against the earliest plausible date.
We stand up and run the Integration Management Office — the team that coordinates the whole integration — with named owners, decision forums, a maintained dependency map, and reporting that shows real status against the transaction case. Issues are escalated and closed weekly, so decisions keep pace with the plan.
We design the schedule of transitional services the seller provides after close, with a costed exit plan for each one: what the new owner builds, what migrates, and what is renegotiated. Each exit is governed as a delivery milestone with a named owner and date.
We plan and run the migrations an integration or separation requires — client books, platforms, data and investment mandates — with positions and balances reconciled before and after each move. Cutovers are rehearsed and carry a tested rollback, and client reporting continues uninterrupted throughout.
For asset owners bringing investment management in-house — a live agenda for Australian superannuation funds — we deliver the operating model, the governance changes, the mandate transitions and the middle- and back-office build that internalisation requires, run as one programme.
Where an integration has drifted — synergies unrealised, transitional services rolling over, the plan out of date — we re-baseline against the transaction case, reset the governance and take the programme back into execution. The benefits case is restated to the board before delivery resumes.
What to expect
A Principal leads from day one, ideally engaged before close and accountable through delivery. Pre-close, the work is the blueprint: Day 1 readiness, the TSA schedule and the migration plan, tested against the earliest plausible close date. After close we run the IMO and the migration programme to the milestones that underpin the transaction case, reporting against the synergy case. The engagement ends when the combined — or separated — business is in stable BAU and benefits are tracked at run-rate.
We lead operational integration and separation; we do not provide corporate finance, valuation or deal advice.
Support can cover a defined integration workstream or leadership of the wider integration or separation programme.
Establish the current state, the constraints, the risks and the value at stake.
Shape the target model and the business case with the executives who own the outcome.
Stand up the team, the plan and the governance around the outcome.
Design, build and test the change, with the business alongside.
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Impact
£1bn+
Risk-weighted assets restructured through one entity restructuring and divestment programme
Delivered on the Risk, Treasury and Finance transformation for a global investment bank.
Day 1
Readiness and compliance
Client result

Banking · Risk, Treasury & Finance
Global Investment Bank · Risk, Treasury & Finance
We helped redesign the bank's Risk, Treasury and Finance functions end to end — restructuring legal entities for ring-fencing, consolidating change into a single portfolio, creating shared services, rationalising the platform estate and divesting the Portugal, Italy and Spain businesses — with 100+ roles moved to lower-cost locations.
Read the case study
Insights
Get in touch
Tell us what you are working through and the expertise you need.