The global financial crisis uncovered the need for fundamental changes in how banks are capitalised and operated. In response, the UK government passed legislation which requires UK banks to separate the provision of core retail services from other activities within their groups, such as investment and international banking. This created the need for significant change to banks operations, technology and organisational designs.
In line with regulation, our client was required to split their operations across two separate legal entities, with a service company providing business critical support to both entities.
The client required programme management to ensure the successful transition of services to the service company within tight regulatory timelines.
Typhoon provided a Programme Manager to lead the planning, mobilisation and delivery of the programme from inception to stand-up of the service company.
Two Typhoon consultants were installed to lead key business readiness work streams for the new service company, covering;
Business risk and controls management;
Regulatory reporting; and
Migration of operations through a phased delivery approach.
Successfully delivered critical milestones to ensure delivery of projects within tight timelines.
Delivered full operational readiness across a number of global product and cross-product functions.
Implemented system, process and people changes in accordance with regulatory mandated requirements and deadlines.