Blog

MLC evaluating outsourcing options

0
0

0
0
0

mlcMLC, the wealth management arm of NAB (National Australia Bank), has sent out an expression of interest to potential suppliers to assess the viability of moving to an outsourced model. MLC is thinking of moving its IT as well as a range of back office services.

The shift to an external provider could impact the role of 600 to 700 employees.  The range of the back office work would include work in ­technology, portfolio management, credit control and also on wrap platforms and self-managed super funds

Since purchasing MLC for $4.6 billion in 2000, NAB has been looking for ways to restructure the business. The division has been viewed as an underperformer for quite some time. Vendors that have received the ‘expression of interest’ include Genpact, Accenture, Tech Mahindra, IBM, Tata, HCL Technologies and Wipro.
June 25, 2014
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

8 + 2 =