IAM going for NAB (MLC) as MOU2.
(Sorry AMP, you guys are next.
IAM too busy to find an football field size office atm)
I have talked to some of my friends
to see if they have the back office suppliers already, they said "NO"
(Plese DYOR)
(Sorry guys who sold out today I couldn't post this b4 4pm .. I was too busy to call my friends) --please take this as a sense of humor lol ^^
I really do do hope for xmas gift =MOU2. Fingers crossed too long time.. my fingers are sore now ^^
Why they took that photo with a big smile.. I am taking about you PC!
HINT? ??
A FOOTBALL FIELD for 700 staff?
- 23 2014 at 3:08 PM
- Updated Jun 24 2014 at 4:42 AM
Job losses tipped as NAB’s MLC investigates outsourcing
http://www.copyright link/content/dam/images/j/g/s/7/r/image.related.afrArticleLead.620x350.jgs7t.png/1423538320767.jpg
National Australia Bank’s wealth management arm MLC has gone to market to scope out the possibility of outsourcing IT and back office services, in a move that would see hundreds of internal positions shifted to external providers if it went ahead. Photo: Glenn Hunt
by
Paul Smith
National Australia Bank ’s wealth management arm, MLC, has gone to market to scope out the possibility of outsourcing IT and back office services, a move that would see hundreds of internal positions shifted to external providers.
The division, which has long been considered something of an underperformer since NAB acquired it from Lend Lease in 2000 for $4.6 billion, has been looking at options to restructure its operations since Andrew Hagger took over last year.
The Australian Financial Review understands NAB has sent an “expression of interest" document out to 10 potential suppliers, with the aim of assessing the viability of a shift to an outsourced model in coming months.
The EOI is believed to have been sent to incumbent tech suppliers Accenture, Genpact, IBM and Tech Mahindra, with a further six including Tata Consultancy Services, HCL Technologies and Wipro.
A spokesman for NAB said the bank had only run limited outsourcing programs over the past four years, but it was likely for a business of its size to be assessing the option. He said there had been no decision yet to change current arrangements. “We have continually assessed our business operations and will continue to work with third-party suppliers to see if we can identify whether there are opportunities to optimise and improve arrangements that can further benefit our customers," he said.
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It is understood the scope of the back office work would include work in technology, portfolio management, credit control and also on wrap platforms and self-managed super funds
One expert, who declined to be named, said this would mean the outsource provider being asked to provide between 600 and 700 workers, which would mean roughly 400 to 500 current MLC workers losing their jobs.
NAB declined to comment, citing the early stage of the proposal.
Mohit Sharma, director of outsourcing advisory firm Mindfields, said the proposed move made sense due to the potential efficiencies on offer.
“Wealth management operations would require niche providers and this long overdue exercise might have been undertaken to expand and refresh the current panel of vendors," he said.
Read more:
http://www.copyright link/technolog...ates-outsourcing-20140623-jgs7t#ixzz4Sc4Rh2I4
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