Capital Markets · Institutions · Technology & Talent

We build institutions — and the technology that runs them.

Strategy Innovations works with banks, investors and institutions in emerging markets. We take a venture from feasibility study and regulatory licensing through to business model, capital structure and go-live — and we build the technology platforms and engineering teams that make it operate.

Start a conversation Our divisions
About

Advisers who build institutions, not just recommend them.

Most advisory firms stop at the report. We don't. Our work runs the full arc of establishing a regulated financial institution: the feasibility study and demand assessment that test whether it should exist at all; the business model, product mix and capital structure that define what it is; the licensing, governance and compliance frameworks that make it permissible; and the programme management that carries it to its first day of trading.

Alongside that we are standing up a second division, because in emerging markets the binding constraint is rarely capital — it is systems and skills. It is designed to build the technology capability financial institutions actually need, and the talent organisations behind it: engineering delivery, AI and data capability, and academies that create a sustainable supply of technologists rather than importing one.

We work where the opportunity is structural rather than incremental — markets building financial infrastructure for the first time, where an institution designed well at the right moment can shape how a whole market develops.

And we build to hand over. Our engagements are designed around knowledge transfer, with local teams shadowed, trained and progressively given the reins. The measure of our success is that the institution runs without us.

Practitioners, not commentators
Our teams have established investment banks and capital markets businesses in both mature and emerging markets.
Regulator-aligned by design
Structures built to meet licensing, prudential and AML standards from the first draft — not retrofitted.
Institution and technology together
The business model and the platform designed as one problem, because they fail as one problem.
Built for handover
Local capability building and knowledge transfer written into every engagement.
Divisions

Two divisions, one mandate

Clients come to us to establish something that does not yet exist. Some engage a single division; most find they need both, because an institution and the technology that runs it are the same problem viewed from two sides.

We design, licence and stand up regulated financial institutions — investment banks, broker-dealers, advisory businesses and the shared and consortium structures that make them viable in young markets, where no single institution can carry the cost or the risk alone.

The division advises and builds. It does not itself trade, deal or hold client assets.

01

Feasibility & Market Studies

Testing whether the institution should exist at all, and saying so plainly if it should not.

  • Demand assessment across equity, debt and advisory
  • Supply and competitor mapping
  • Competitive gaps and white spaces
  • Go / no-go recommendation
02

Institution & Business Model Design

Defining what the institution is and how it earns.

  • Product mix and service offering
  • Target customer segments and prioritisation
  • Revenue streams and distribution model
  • Shared-service and partnership structures
03

Regulatory, Licensing & Compliance

Making the institution permissible, and keeping it that way.

  • Regulatory architecture and licence mapping
  • Application documentation and regulator engagement
  • Governance, risk and internal control frameworks
  • AML / KYC / CFT and client-money design
04

Capital Structure & Ownership

Designing who owns it, who governs it, and how they leave.

  • Shareholding and consortium design
  • Capital adequacy and reserve planning
  • Board composition and reserved matters
  • Shareholder agreements and exit strategy
05

Financial Modelling & Investment Cases

Numbers a board and a regulator can interrogate.

  • Multi-year revenue and cost models
  • Headcount, compensation and cost philosophy
  • Sensitivity and stress testing
  • Investor and regulator-facing documentation
06

Programme Delivery & Pre-Opening PMO

Turning an approved plan into an operating institution.

  • Project governance and pre-opening PMO
  • Phased licensing and go-live planning
  • Pre-opening budget and capital deployment
  • Recruitment and readiness milestones
Approach

From question to go-live.

Establishing an institution — or the technology organisation behind it — is not a single project but a sequence of gates, each of which can stop the venture. We structure engagements so that the expensive commitments come only after the cheap questions have been answered honestly.

STAGE 01
Assess
Market, demand, competition and regulatory feasibility — with a real willingness to recommend against.
STAGE 02
Design
Business model, product mix, ownership, capital structure, technology architecture and financial case.
STAGE 03
Licence
Regulatory engagement, application documentation and compliance frameworks.
STAGE 04
Build
Platforms, operations, people and processes assembled under one programme.
STAGE 05
Hand over
Go-live, stabilisation, and transfer of the institution to the team who will run it.
Where we focus

Emerging capital markets — and the talent that runs them.

Our current centre of gravity is East Africa, and Ethiopia in particular. It is one of the few places in the world where a national capital market is being built from the ground up: a legal framework enacted in 2021, a securities exchange that began trading in January 2025, and a regulator licensing the first generation of investment banks, dealers and advisers.

Institutions being designed now will set the standards the market inherits. That is unusually consequential work, and it is where we have concentrated our own research and design effort.

The same market makes the second half of our work urgent. International demand for technology and AI expertise continues to outstrip supply, while East Africa has a large, young and fast-growing graduate population. Connecting the two — properly trained, properly managed, delivering to international standards — is the opportunity we are building for.

Capital Market Proclamation, 2021
Ethiopia's legal framework for securities markets, establishing the Ethiopian Capital Market Authority.
Exchange launched January 2025
The Ethiopian Securities Exchange began operations, creating demand for licensed intermediaries.
A growing outsourcing market
Ethiopia's business process outsourcing market was estimated at around USD 490m in 2025 and projected to reach roughly USD 846m by 2030. Source: Addis Insight, 2025.
A market being built, not entered
Products, infrastructure and standards are still being set — and shaped by those who arrive first.
Contact

Start a conversation.

If you are considering establishing a financial institution, building the technology capability behind one, or testing whether a venture stands up — we would be glad to talk.

Strategy Innovations

Peter Morris
United Kingdom