EST. 2004 · WILMINGTON, DE · MILAN, IT · SINGAPORE Client portal ↗ · Investor relations
Recent Counsel · From the partner desk

What the partners are writing when they are not in the room.

Quarterly letters, position papers, and field notes, published when there is something worth saying and not before. Each is signed; none is ghost-written; all are meant to be read ten years from now without embarrassment.

The Archive

Quarterly lettersSince 2009
Position papers / yr3–4
Field notes / yr~12
Authored by partnersAlways
External ghost-writingNone
Latest issueQ2 2026
I.

Recent Counsel

Letters · position papers · field notes
We publish to think, not to market. A position we cannot defend in writing is a position we have no business holding in front of a client. G. Avanzato, Founding Partner
Quarterly Letter · Q2 2026
The patience premium: why long-cycle systems reward the slow decision.
Field Note · May 2026
Steering committees that actually steer, and the ones that merely meet.
Quarterly Letter · Q1 2026
Sovereign cloud in regulated banking: where the line truly is.
II.

Position Papers & Field Notes

Selected, last eighteen months
Position Paper · 2026
Ledger replatforms after ISO 20022: a five-year planning horizon.
Field Note · April 2026
Why insurance carriers underestimate actuarial dataset gravity.
Field Note · February 2026
Edge data in ports: the schema nobody owns and everybody needs.
Quarterly Letter · Q4 2025
Stewardship as a discipline: the phase clients value most.
Position Paper · 2025
Dual-run as doctrine: making core cutovers boring on purpose.
Field Note · September 2025
The cost projection that survives contact with procurement.
Quarterly Letter · Q3 2025
What a regulator-facing transition narrative actually contains.
III.

Reading the Archive

By request, to qualified institutions
The full archive is shared on request with institutions we are in conversation with. We would rather send you the letter that fits your situation than ask you to wade through a decade of them. Avanzato Nexora Systems