Client Offboarding - Capital Resolution for a Wholesale BankGlobal Business Wind-down and Divestment
Whether it is due to regulatory drivers, shifting business strategies or profitability/revenue opportunities, there are many reasons a wholesale bank might decide to restructure its business, products and geographic client footprint. Due to a combination of regulatory drivers and a shift in business strategy, Synechron’s international wholesale banking client wanted to divest its international client network and a significant part of their Global Transaction Services (GTS) and Markets businesses globally.
This would require a large-scale, multi-jurisdictional, wind-down program to divest the business and all associated capital, clients, and costs. Synechron was selected to manage the full client offboarding and capital resolution strategy for the bank.
Synechron set up the global governance structure for the central program, encompassing 30K clients across all regions and functions within Operations and Technology to facilitate country closures and sales. The focus was to drive out capital, off board clients, reduce costs and ensure seamless divestment of any related business operations. This was achieved through:
A global team with a laser focus
How we've helped
Developing a global MarketTech reporting platform able to transform regulation across financial services
Strategic client rationalization
A Path to IT Optimization