Project BREXIT for a European banking leader

OUR CLIENT'S CHALLENGES

  • In an unprecedented and uncertain environment generated by Brexit, our client, an international banking group, was wondering how this event may impact business, and especially its investment bank.
  • Our client had to face several challenges: reassuring their own customers regarding continuity of service, recreating a European hub offering the same products and services as the London platform, and upgrading all risk management, business management and regulatory compliance systems

OUR INTERVENTION

  • We came up with several scenarios to measure their impacts on our client’s organisation.
  • Thanks to our connections with various market players (regulators, competitors, partners, customers), we recommended the most likely scenario.
  • We rolled out an organisation project supporting a massive transfer of businesses from London (Clients and Products) through the deployment of 20 business and operational project streams.
  • Thanks to our agile methodology, our consultants were able to tweak the chosen solution in real time, incorporating changes related to Brexit as they happened, even while negotiations were ongoing

OUR ADDED VALUE : SHARING BEST PRACTICES

The combination of our expertise in business challenges, our connections with market players, and our collaborative work with the client enabled us to:

  • quickly define the operational building blocks of the target model (market and commercial banking activities)
  • propose a coherent schedule and
  • support our client in its implementation, all within a highly restrictive time frame

VALUE FOR OUR CLIENT

  • Respect of the 29 March 2019 deadline
  • Business continuity for impacted customers
  • Market share gains in continental activity