European Stock Exchange Platform Re-engineering


Having successfully implemented the initiative to re-engineer the derivatives trading platform (managed by Tim), the CEO decided to re-engineer the remaining, legacy platform with derivatives trading platform technology and processes at the core.  Following a proof of concept, Tim was recruited to lead the implementation planning and execution activity.  The new platform was successfully delivered, thus enabling realization of business benefits, namely, increased capacity and reduced latency.


The programme was delivered in line with the budget of £35 million, with the delivery team peaking at 100+ towards the end of the 30 month programme duration.  The implemented solution involved the integration of widely-used software components, a period of parallel running followed by migration and finally decommissioning the legacy applications.


Tim was responsible for the delivery of the programme, from completion of requirements through to implementation and migration.  There were a number of deliverables and activities for which Tim took specific ownership, including, definition and implementation of robust governance processes, programme definition, recruitment into critical roles, re-engineering the software testing process and hands-on management of new software suppliers.


Global Private Bank Transformation


Tim was recruited to shape and deliver a series of initiatives to transform a Private Bank based in London.  Reporting to the Global COO and working with a number of the Executive team, Tim initially focused on delivering a programme of risk reduction, which required Tim to manage relationships with internal and external stakeholders including the FSA.


Having successfully delivered the risk reduction initiatives Tim managed the development of the Target Operating Model, which provided the context for the development of the Transformation Programme.  The transformation programme consisted of four workstreams focusing on:

  • Re-engineering the end to end sales process
  • Upgrade of the core technology platform
  • Training & Compliance programme (development and rollout)
  • Development and implementation of a refreshed banking proposition


The programme was successfully delivered on time and to budget.  Furthermore, the programme outcomes contributed significantly to improved sales performance and reduced operating costs.


Global Custodian –  Regulatory Compliance


With the Regulator’s increased emphasis on the management of Client Assets Tim was recruited to shape, resource and deliver the programme of work to meet demands of the Regulator, and the Boards at the global custodian.  Stakeholder engagement and management was key, with weekly reporting to both the US and EMEA leadership teams as well as regular meetings with the Regulator.


In addition to a significant technology effort (spend circa $10m), the programme team consisted of 12 workstreams at peak with representatives from various business lines, legal, risk, compliance and audit.


The programme successfully concluded having achieved all key milestones within the timeframe set out and agreed with the Regulator.