Core Consulting eyes middle-tier companies
, December 3, 2012
Core Consulting, a financial firm established in 2007 and run by two of Bahrain's most experienced bankers, has decided to specialise in management consultancy targeting middle-tier companies, said a report.
The firm's partners are Dr John Potter and Ramez Tomeh, each of whom has more than 30 years of experience in the banking and financial services industry in the GCC.
Their experience ranges from being involved in syndicated loans, trade finance, debt restructuring, mergers and project finance to financial training and soft skills, facilitation, arbitration and negotiation.
"Core specialises in providing business and financial consulting services to middle-tier companies in Bahrain and the rest of the GCC that are unable or unwilling to pay the very high fees charged by major international consulting firms," said Dr Potter while speaking to the Gulf Daily News, our sister publication.
"In addition, Core is able to react quickly to client needs with a minimum of formalities."
Over the years the partners have developed close relationships with consulting professionals, who have varied specialisations in related fields which complement Core's basic activities.
They have become associates and are at Core's disposal for contract work as needed. "We are not looking at the small business market but at the kind of middle-tier growing companies for whom the cost of hiring one of the international consulting firms is beyond their budget.
"What you find is that these companies need help if they are looking to restructure, create new business plans and we have the experience to present plans to a bank in a way that it will understand. That is what we can bring to the table," said Dr Potter.
"We have the experience and the specialist associates who can look at restructuring plans and assess their viability," said Tomeh.
"There are a lot of areas where these middle-tier companies lack the kind of management skills in looking to expand that we can offer in terms of financial engineering to move forward.
"Unfortunately for a lot of middle-tier companies the cost of using one of the major international advisory practice is just way outside their budget and would not make economic sense for an enterprise of their size.
"That is where we can help them grow and look to the future with the aid of our associates.
"Our expertise runs from financial restructuring advice and financial engineering to offering feasibility strategic marketing studies and merger or acquisition expertise," he added.-TradeArabia News Service