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Alastor has worked with a range of clients in the financial services industry, including retail banking, building societies, insurance and investment management. Our recent client work has included managing major change programmes, IT and business process outsourcing, strategic planning and performance transformation.
For more information please contact us. |
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| Case Studies from this Sector: |
| Risk Management and Organisation Design for a Bank |
| Worked with the Chief Executives of a major bank to implement the same rigorous portfolio and risk management process to the IT project portfolio that are applied to the commercial operations of the bank. This led to a redesign of the organisation structure, including joint business and IT staffing, career planning and skills development. Implemented end to end customer focused processes and service portfolios resulting in improved operational stability and a headcount reduction of 10%. |
| Project Management in the Insurance Industry |
| Managed a major project for a large global insurance broker. The objective of the project was to improve client acquisition and retention in the mid-market sector by streamlining risk acquisition and placement processes. |
| IT Improvement for an Insurance Company |
| Worked with the global IT Director of a major international insurer to assess and quantify the benefits flowing from improved global co-ordination of IT and consolidation of data centres. Savings in excess of £10m were identified, as well as opportunities to enhance the resilience of systems and consistency of global services. Additional opportunities to reduce the cost of complexity, following a number of acquisitions, were identified. |
| IT Advice for a Finance Company |
| Advised the financing subsidiary of a large US-based motor manufacturer on structuring a joint project to roll out a common European systems solution, following the acquisition of a significant shareholding in an Italian-based motor manufacturer. |
| Organisation Change and Cost Reduction for a Factoring Company |
| Worked with the factoring subsidiary of a large bank to restructure and redesign its factoring operations to reduce costs and to deliver improved and measured client service levels, supported by implementing nationally consistent processes. This enabled the operations to cope with additional volumes without growth in complexity and administrative overheads. |
| HR Improvement for a Major Bank |
| Worked with the Global HR Director of a major global Bank to identify core HR competencies and redesign the global HR function to focus on value added services and the effective management of outsourced transaction processing. |
| Purchasing Improvement for a Building Society |
| Redesigned the purchasing procedures of a large building society and introduced the purchasing life cycle concept, generating initial savings of £6m, as part of a pilot application of an integrated performance improvement and systems development methodology. |
| Cost Reduction for an Insurance Company |
| Worked with the subsidiaries of a major international insurer to identify the costs of complexity (following a number of acquisitions) and explore methods of reducing those costs. |
| Business Change in the Insurance Sector |
| Worked with the COO of the London branch of a major global insurer, to review the commercial arrangements for systems to manage the global risk portfolio, to implement significantly enhanced governance procedures across the international offices, and to bring the project developing the systems to manage the global risk portfolio back under control. |
| Outsourcing Advice for a New Insurance Business |
| Helped an insurance start-up, which had been set up to combine sophisticated risk and capital analysis with traditional insurance underwriting, to outsource all IT and back office functions. |
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An Alastor Case Study
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Business Process Redesign for a Financial Services Organisation
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Worked with a major financial services company to redesign its sales force structure, processes and supporting IT, following the merger of a number of different operations and to respond to a proposed regulatory change.
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| ::AN ALASTOR CASE STUDY:: |
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