McInerney Group Plc : Sourcing Review
Palladium was engaged by McInerney PLC to review a decision to establish a Shared Services Centre. We advised our client that we felt the business was not large enough to justify the cost associated with establishing a shared service centre. We proposed a smaller scale change which would still deliver on their business objectives. The Palladium recommendations were accepted. Palladium have since been engaged on an 18 month project to streamline specific business functions within McInerney PLC.
Ulster Bank Group: Sourcing Review
Palladium was engaged by Ulster Bank when they were establishing a new Wealth Division in 2006. Palladium undertook a review of the organisation’s service model over an eight week period. We designed an overall service architecture outlining how all services would be delivered into the new entity. The activity included a review of Service Level Agreements and recommendations in relation to sourcing some services externally. Ulster Bank has followed Palladium recommendations on external sourcing of some services and we have been involved in those activities also.
National Irish Bank (NIB): Finance Upgrade and Management Information Enhancement
The initial scope of this project was to carry out an analysis of the Commission Reconciliation and Management Information processes within a division of NIB. At the end of the Analysis phase, the client decided to proceed with the recommendations documented in the As Is Analysis Report and requested that Palladium manage the project. Palladium delivered an automated solution to manage reconciliations and deliver improved Management Information.
Ulster Bank Group: Regulatory Project (MiFID)
In 2007 Palladium was asked to manage the Ulster Bank Group MiFID project in the Republic of Ireland and Northern Ireland. The project team worked with Ulster Bank Regulatory Risk to develop a requirements matrix for the Group. The requirements were then implemented over a 12 month period. Palladium worked with Retail and Corporate Markets division. The project activity has since been satisfactorily reviewed by RBS Group Audit.
Bank of Scotland Ireland
Palladium were engaged by Bank of Scotland Ireland recently to conduct a review of some key regulatory processes in the Treasury area. Palladium worked with the Bank over several months to identify key issues and risks, document a robust process and prepare for the introduction of a full time employee to manage this area.
Ulster Bank
‘Palladium have expertise which has contributed real value to Ulster Bank. They have implemented several business change programs across Ulster Bank. We value their pragmatic approach – which demonstrates real experience and produces results ’
Joe Caulfield, Head of Operations, Corporate Markets, Ulster Bank Ireland Ltd.