Major Asset Manager

COMPANY

Major Asset Manager

CHALLENGE

The client had purchased another Fund Management Business with a similar portfolio and some complementary management and product strengths. Without disrupting client services, they needed to achieve the rapid integration of the two businesses and make the combined organisation stronger in all areas. Critical to the process was retaining key staff and ensuring that the new organisation worked effectively throughout the transition. The client also needed to make cost savings in the back and front offices to help fund the acquisition.

WHY ABEAM?

Proven experience supporting financial services organisations through periods of major transition.

SOLUTION

• Formed an Executive Team with senior client managers and evaluated the options and approaches to integration, ultimately agreeing on a preferred approach
• Developed detailed integration plans that covered all aspects of the integration: premises, systems rationalisation, staff selection, organisation and training, contingency planning, and client service continuity

REAL BENEFITS

• Integration completed on time and under budget
• All clients and key staff retained after takeover and integration
• Substantial savings achieved as a result of planned staff reductions and other rationalisations
• The Financial Times wrote about the takeover as a model for successful integration