Accelerating Digital Transformation: from Legacy to Leadership

Case Overview:

Our client, is a 150-year-old regional institution, faced mounting competitive pressure due to its slow adoption of digital platforms. Legacy systems limited its ability to offer 24/7 services, cross-border payments, and modern FX trading capabilities. Recognizing the urgent need for transformation, Our Client sought an innovative partner to implement a vision for digital banking leadership.

Doherty Search Partners led the search for team members to build-out of a new FX Trading Desk and digital banking infrastructure, leveraging Broadridge FXL and JPM Kinexys blockchain technology.

The project included:

- Team Recruitment:

Assembling a proven FX and digital banking team with experience launching profitable desks at major US banks.

- Technology Deployment:

Implementing cloud-based, API-first platforms for real-time pricing, execution, and programmable payments.

- Market Expansion:

Rolling out services to commercial clients, then scaling to full market deployment.

The transformation will enable our client to offer 24/7 cross-border payments, programmable treasury services, and competitive FX trading, positioning it as a regional leader in digital banking.

Client

NDA 20+ Billion Commercial Bank

Location

United States

Services

Strategic Team Building

Duration

18 Months (Q1 2026 – Q2 2027)

What makes Doherty unique?

Mission Alignment:

Doherty Search Partners understood Our Client’s vision for innovation and growth, aligning talent and technology to strategic objectives.

Strategic Analysis:

Comprehensive market and financial modeling validated the revenue potential and ROI, ensuring executive buy-in and board approval.

Talent & Team Profiling:

Recruited a leadership team with a track record of building successful FX desks and digital banking platforms, ensuring operational excellence.

Tailored Search & Development:

Customized the search for technology and talent, focusing on scalable solutions and regulatory compliance.

Advisory Support & Integration:

Provided ongoing advisory, integration support, and change management to ensure seamless adoption and cultural transformation.

Revenue Growth

$ 34.5 M

Combined annual revenue by Year 5, with 71% CAGR.

Digital Banking Contribution

58 %

Of fee income from digital banking by Year 5.

Payback Period

24 Mo

To positive ROI, 4% in year 2.

Operational Efficiency

10 X

Transaction speed & 60% cost reduction.

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