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PRACTICAL HELP FOR MANAGING BANKING MERGERS & ACQUISITIONS
Added: (Mon Oct 13 2008)
LONDON 13TH OCTOBER, 2008: The recent turbulence in the money, credit and equity markets has rapidly accelerated the rate of consolidation among banks. Lloyds TSB and HBoS, Merrill Lynch and Bank of America to name but two recent cases. The challenge of executing these mergers and acquisitions will present particular and difficult problems for the organizations involved (acquiring and acquired). Managing staff, systems, regulatory reporting requirements are just some of the practical challenges these organizations face. Help is at hand to those facing these challenges in the form of a new book.
“The Banking M&A Integration Handbook” addresses the unique complexities of the banking sector. It is written by one of the most experienced practitioners in the UK, Michael McGrath. Michael holds a Doctorate from Cranfield University where he researched banking M&A’s for 4 years. He has also worked on a number of mergers and demergers from mega mergers such as Deutsche Bank’s acquisition of Bankers Trust to smaller demergers such as Lloyds TSB Registrars from Lloyds TSB Group to form the UK’s largest share registration company.
This is for CEOs, The Board and senior manager who have to delivered the successfully merged organisation, business line heads and those working in the business lines. It is also valuable for those providing consulting and support services to the banks. Regulators would also benefit from reading this book.
The Banking M&A Integration Handbook is a succinct, clear and concise “How To” book for those involved in making a merger or acquisition actually happen. It shows:
• What needs to be done to get the two organisations to the change of control
• Successfully setting the stage for post merger success
• How all this needs to be done; and
• How to do it successfully.
Step by step this book covers the activities from when the deal is agreed through to the change of control and establishing the post merger integration programme.
It shows you, step by step, what you need to do to capture the benefits of the post merger elements at the change of control and not months later as is often the case.
Topics covered include:
• The unique regulatory challenges only banks face
• M&A failure intensity
• Organisation to deliver the integration
• The stages the integration will pass through
• Delivering a successful cutover
• Selecting the “best of breed” from each organisation
• Securing the long term benefits as early as possible
The book is available from: www.BankingMandAIntegration.com