Capital Markets Advisors

Turning Change Into Opportunity


Large Scale Conversion Program – Global Universal Bank


A top tier global universal bank acquired a large investment bank and sought to merge, integrate and run the consolidated entity as a single institution with a shared service center, an integrated platform, and a lower cost of doing business as it effectively managed its risk and expanded the volume of business across all asset classes. The challenges were inconsistent processing and reporting methods, financial standards, organizational and operating models, technology platforms, significant manual processing, processing and functionality gaps, errors and reconciliations.


  • Established PMO governance structure and ran successful program, including PMO and work streams (requirements, data conversion, development, testing, documentation, training cutover), status and risk/issue reporting/tracking, tools and templates.
  • Interviewed key business unit managers, provided input to senior managers for organizational design and strategic planning, and developed pro-forma financials.
  • Assisted with the establishment of appropriate risk limits for the new entity, and then the development and implementation of appropriate risk management policies and procedures. Introduced a structured methodology for the rigorous selection of system vendors.
  • Became one of the early adopters of BPS Advantage for real-time delivery of security master, client accounts, transactions, positions and balances.

Results and Success Factors

  • Significant gains in quality, scalability, cost savings, efficiency, controls and reporting including regulatory reporting.
  • Strong PMO, industry expertise, well-designed governance and rigorous yet flexible methodology, and strong senior level sponsorship for the program.
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