Leerink Partners Report November 2024 | Page 10

LEERINK PARTNERS
these corporate actions . Jeff reflects on the abrupt change : “ We found ourselves stranded in the remnants of a bankrupt holding company . Overnight , our colleagues of four years were suddenly gone and we were no longer part of the same company . It was a jarring shift , but it also marked the beginning of a new chapter for us .”
Leerink then faced the dual challenge of managing both its clients and employees amid an uncertain future . Jeff credits Leerink ’ s successful navigation of the demerger to the commitment of its employees and culture of flexibility , but emphasises the firm ’ s resilient and adaptable IT environment was also a crucial factor in shaping the path forward . The seamless transition was made possible through a combination of people and technology working in harmony .
“ From the outset , I knew our business processes were too specialised to shoehorn into SVB ’ s systems ,” Jeff recalls . “ We needed infrastructure that was tailored to our specific needs before considering full integration . That ’ s why I pushed to keep our systems independent – Microsoft 365 , payroll , HR and business operations . Otherwise , we would have been stuck unravelling systems and processes with a commercial bank that themselves were going through an acquisition . Keeping that independence was a strategic
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