Client: Boutique global investment bankRevenue: Confidential
Role: Board-level IT Strategy and Cost Review Consultant, as a consulting subcontractor
Description: The executive group at a boutique global investment bank had implemented significant cost reduction measures to better align the bank's cost structure with the increasingly competitive investment banking marketplace. After this initiative, the Board retained us to review the organization again to find any additional cost reduction opportunities that might be available, primarily in the areas of general administration and information technology.
Outcome: Our review identified over $1M in additional annual cost saving opportunities primarily in the information technology area. Specific IT recommendations were made that addressed strategy, infrastructure and organizational design to realize these savings while minimizing implementation risk.