Case Studies
A Private Bank: Business Integration
Client contact: Finance Director
Parkwell staff: 1 Senior Consultant
Objectives and project background
As a result of the acquisition of two asset management businesses, the group was operating a number of similar businesses using different systems, processes and teams. In order to rationalise the situation they were initiating a programme of change.
They required a programme plan to be prepared which would particularly:
• Coordinate the various projects.
• Ensure consistency and understand the priorities and dependencies.
• Re-organise the business into two main entities, one for the banking business and one for the investment management business.
• Provide a roadmap through the integration process.
Project details
After agreeing the scope with the FD, Parkwell prepared a programme plan and project managed the programme through to completion.
Parkwell was responsible for:
• Monitoring and reporting project progress to the project board.
• Monitoring and reporting project costs to the project board.
• Managing the resolution of outstanding issues.
• Monitoring and mitigating project risks.
• Managing the various work stream leaders.
• Monitoring and reporting project progress to the project board.
• Monitoring and reporting project costs to the project board.
• Managing the resolution of outstanding issues.
• Monitoring and mitigating project risks.
• Managing the various work stream leaders.
Project conclusion
The three areas of the business were successfully integrated on time and within budget, allowing the bank to make considerable economies of scale and maximise on the cost savings available.