Successful Integration of German Retail Business of a Nordic Universal Bank by a Leading Global Universal Bank’s Retail Arm

After the successful buy-out of the German retail business of a Nordic universal bank by the retail arm of a leading global universal bank, LKPU was tasked with overseeing the post-merger integration. The integration encompassed various aspects, including clients, products, processes, and IT systems.

• Defined targets and strategies for both the pre and post-merger phases, aligning business and IT objectives with the overall integration goals.
• Conducted thorough due diligence to assess the operational, financial, and legal aspects of the German retail business being acquired.
• Developed a comprehensive plan for the merger, outlining the necessary steps, timelines, and resources required for a successful integration.
• Orchestrated the integration of business processes, IT systems, and personnel, ensuring smooth coordination of requirements management, test management, training, go-live activities, and stabilization.
• Created and negotiated transitional service and license agreements to facilitate the seamless transition of services and IT systems during the integration process.
• Sourced, developed a concept for, and implemented an employee trading monitoring system to ensure compliance and prevent insider trading.
• Integrated compliance and anti-money laundering policies, processes, and IT systems to align with the leading global universal bank’s standards.

Through our expertise in post-merger integration, LKPU successfully merged the German retail business of the Nordic universal bank with the retail arm of the leading global universal bank. The integration spanned clients, products, processes, and IT systems, resulting in a seamless consolidation of operations and enhanced value for the merged entity.