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Mercator Focus: Q3 2022 Foreword
As we reflect on what has been another ambitious quarter for the Mercator® by Citco (Mercator) team, it has become increasingly apparent that multinational companies are sharpening their focus on maintaining a healthy governance framework for their global portfolio of entities – Entity Portfolio Management (EPM). This is driven by the urgent need to ensure each entity – no smatter the location – is properly managed and remains compliant in a challenging environment where regulations change constantly. Failure to do so may lead to severe regulatory fines and reputational risk.
As always, an integral part of our mission is to provide the industry with key insights and regulatory updates. It is therefore my pleasure to highlight some significant activities and learnings in this newsletter, from our dedicated team of professionals.
Mercator has had the opportunity to participate in some of the industry’s leading conferences and share new ideas on how innovative legal technology is transforming in-house legal departments. Our team has continued to forge meaningful connections – visiting our colleagues in Vilnius to celebrate the 15th anniversary of Citco’s Vilnius office, meeting with Gitanas Nauseda, President of Lithuania, Dainius Kreivys, Minister of Energy for Lithuania, and other dignitaries, and once again interacting with our clients in-person at our Steering Committee meetings. Looking ahead, we are excited to attend Nordic Legal Tech Day in Stockholm and Helsinki, and the CLOC EMEA Summit in London, as well as host our own event in New York on 6th October.
In this newsletter, Mercator provides an overview of the key findings from our USA EPM and Management/Officer Change Special Reports, designed to be a definite resource for business leaders and general counsels on the cost and time required to manage an extensive portfolio of entities. We will continue to intensify the production of these reports as part of our commitment to provide unparalleled data-driven insights, serving as a benchmark for companies’ expenditure and efficiency.
In one article, we explore how technology is evolving subsidiary governance and helping multinationals stay ahead of the curve on regulatory changes across jurisdictions. We also take a look at the outcomes from our latest client satisfaction survey, which enables us to drive change through actionable feedback.
This year, we have again expanded our solid infrastructural foundation and built upon that to better service our clients in 2023. As we continue our voyage, I would like to thank our clients for their partnership and say that we very much look forward to continuing our pioneering work together.
Kariem Abdellatif
Director of Citco Mercator, UAB, Head of Mercator by Citco