Client Study: M&A Integration
Client: Global Banking Institution
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Business Areas Impacted: Treasury, Finance, Global Trust and Investor Services, Investment Banking, Private Banking, Commercial Banking. Middle Market, Retail Banking, Item Processing, Risk, Testing, Audit, Reporting – Corporate, Regulatory, MIS
Merger Integration Program Delivery
The Challenge
Heritage platforms and operating models from several prior transactions created a very complex, bridged ecosystem that were driving costs and risks up amidst market leadership and growth
Business Value Created
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Successful foundation phase delivery addressed a key critical objective of the merger transaction
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Onboarding of new business product systems onto the target merged platforms
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New Chart of Accounts implemented in the business areas resulting in reduced complexity
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Reduced cost of ownership
How did Aggrego Help?
The overall program was over 800 projects and the foundation phase covered over 72 projects across the enterprise. The foundation program was critical to transaction synergies, decommissioning of platforms, new retail branch opening and sets in motion the firm’s agenda to execute on transactions which served for years to come.
Delivered a Program integration plan and executed a complex delivery bringing together 13 workstreams including Corporate Reporting, Management Reporting, Reference Data, Settlement, Infrastructure, Testing, Reconciliation, Proof of Deposit, Item Processing to the Finance Business Migration and Integration Architecture
Brought to the engagement extensive experience and deep knowledge of Finance and Banking, operating model, business process and technology, reconciliations and cross functional integration
Aggrego led components of the foundation programs were delivered ahead of schedule