We orchestrated a divestment and program management plan for a global financial services firm targeted at reducing its non-core assets and realigning their strategy. The firm headquartered in the UK sought to divest Latin American assets in Argentina, Colombia, Chile, and Venezuela.
Our client recognized the challenge of winding down their workforce given the regulatory and political climate. A poorly orchestrated wind down would potentially expose the firm to liabilities and to an unsuccessful exit from the region.
We designed and led the communication effort for their HR strategy for each of the Latin American countries. Project objectives were to develop individual country plans and one cohesive Latin American strategy. Our project team executed a cohesive plan, navigated the different governance structures, and presented one plan before bank leadership and gained approval for the strategy.
After the strategy was approved, we helped to execute it by a) identifying key individuals to retain, b) considering and calculating the costs of a delay, and c) creating one cohesive project plan. Each country had its own detailed plan which rolled up into one consolidated plan for Latin America. We helped the client wind down the units successfully. Also, we provided support in maintaining business as usual processes such as performance reviews, and headcount reporting to staff levels.