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Case Studies

A Well Known Private Bank: IT Strategy Development

Client contacts: Managing Director, IT Director and COO
Parkwell staff: 2 consultants

Objectives and project background

As a result of comments raised by the external auditors and the FSA, the bank needed to define the IT strategy in more detail.  The emphasis was to focus on how IT could support the bank’s business growth plans.

Parkwell were engaged to review the business plans, review the existing applications, review infrastructure and review the structure / skills of the IT function.

Anticipated benefits

The bank was embarking on a period of growth in the majority of its businesses. The key benefit was to ensure that the IT strategy would support the business growth strategy.

Scope and boundaries

The review focused on the IT strategy within the context of the overall business strategy.  It covered:

  • Infrastructure, including: local and wide area networks; communications (voice and data); data services; desktops; servers; operating systems and databases.
  • Applications, including; banking; investment management; treasury; credit; trust; finance and human resources.
  • IT staff numbers, organisation of the IT function and staff skill sets.
  • Current business and IT projects.
  • Outsourcing options.
  • Disaster recovery provision.
 

Deliverables

A report, which set out the following:

  • The current position – covering our understanding of the existing infrastructure, applications, people and projects.
  • The future position – covering our proposals for the infrastructure, applications, people and projects.
  • A detailed plan describing how to get from the current position to the desired position. The plan included a series of projects, which were prioritised and the resources to deliver them identified.
  • A presentation to the bank’s board of the new strategy.


Project conclusion

Following on from our strategy work, the bank with our assistance successfully transformed their IT function into an efficient team that were able to fully support the bank in the execution of its business plan.

 


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