Banking & Insurance
Integration of outsourced departments of an Asset Manager
Context
A major financial institution was acquiring the back- and middle-office activities of an asset manager. Avertim supported the client with Project Managers to guide the full program.
Objectives
- A smooth lift-out of the operational activities of the Asset Manager and drop-in the Client’s organization
- Integration of all employees of the Asset Manager into the Client’s organization
- Moving all employees to a new location
Our Approach
Project Management
- Further implemented Prince2 ® methodology at Client
- Development of Project Charters, Action Lists, Issue Log, Risk Log, Management Information
Change Management
- Mapped the AS-IS situation of Client and Asset Manager and developed the TO-BE situation
- Reconciled the Agile way-of-working of the Asset Manager with the traditional approach towards Change Management of the Client
Coordination and communication
- Worked together with more than 80 specialists on the project
- Provided all parties with necessary information regarding changes
Results
- 100% transfer of in-scope employees of Asset Manager in Client organization
- Full operational and infrastructure readiness of new organization in less than 5 months
- Global recognition of Project sponsors on successful and timely onboarding of Asset Manager in Client organization
