CarVal Investors is an established global alternative investment manager focused on distressed and credit-intensive assets and market inefficiencies.
Prior to the COVID-19 pandemic, there had been limited scope for the business to adopt widescale flexible (SMART) ways of working. Most of CarVal’s 175 employees performed their regular work from one the business’ six global office locations.
However, this situation changed dramatically in March 2020 when the COVID-19 pandemic resulted in all employees having to work remotely at very little notice.
Almost overnight, the business went from a situation where 100% of its workforce were office-based to everyone having to work from their homes.
The business formed a Global COVID Task Force to coordinate its response to the worldwide crisis at very short notice.